The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have announced a joint partnership to establish unified standards for digital asset regulation.
The collaboration, which was announced by CFTC Chair Michael Selig on Thursday, aims to clarify cryptocurrency classifications and eliminate duplicative compliance requirements. This effort represents a departure from years of jurisdictional conflicts between the two regulators over digital asset oversight.
According to Selig, fragmented regulation creates economic costs by raising market entry barriers and pushing firms toward regulatory arbitrage. To address this issue, both agencies have committed to streamlining oversight without compromising market integrity as lawmakers work on comprehensive crypto legislation in the Senate.