SEC and CFTC Prioritize Crypto Oversight in Joint Regulatory Push

U.S. financial regulators are sharpening their focus on cryptocurrency oversight. SEC Chairman Paul Atkins and CFTC Acting Chairman Caroline Pham underscored the need for coordinated regulation during a September 29 roundtable event. The meeting aimed to align policy efforts between the two agencies, which hold primary jurisdiction over digital assets.

The SEC will maintain authority over crypto securities, while Congress is expected to expand the CFTC's mandate to oversee most digital asset transactions. Both agencies emphasized the importance of clear boundaries between securities and commodities to facilitate cross-sector operations.

Atkins stressed the necessity of interagency collaboration during remarks at SEC headquarters in Washington. The joint approach signals growing institutional recognition of cryptocurrency's role in financial markets, though operational details remain under discussion.