SEC and CFTC Launch ’Project Crypto’ to Harmonize Digital Asset Regulations
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have unveiled "Project Crypto," a collaborative effort to streamline oversight of digital assets. The initiative aims to reconcile regulatory gaps as Congress drafts new legislation for the sector.
SEC Chair Paul Atkins and CFTC Chair Michael Selig emphasized a unified approach during the announcement. "This partnership ensures America will shape the future of finance with rules that protect investors while fostering innovation," Selig stated. The MOVE signals a détente between agencies historically at odds over crypto jurisdiction.
Parallel to this effort, the CFTC will revisit prediction market regulations to provide clearer guidelines for participants. Market observers note the timing coincides with growing institutional adoption of bitcoin and Ethereum-based financial products.
