US Regulatory Agencies Engage in Staff-Level Discussions on Digital Assets

The Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) are engaging in staff-level discussions to enhance inter-agency collaboration on digital assets and related topics. CFTC Acting Chair Caroline Pham revealed that the two regulatory watchdogs are in talks to take their collaboration to the next level, benefiting the public and the market.

Pham stated, “We have restarted conversations at the staff level between the CFTC and SEC. We would like to work together. We have worked together well in the past, and I look forward to getting back to regular order.”

Regulatory Clarity and Public Participation

SEC Commissioner Hester Peirce, who leads the agency’s crypto task force, emphasized the importance of public participation in rulemaking. She noted that it is crucial to identify what falls within the SEC’s jurisdiction and what does not, and that those affected by the rules should have the right to participate in rulemaking.

“It is important to know what is an SEC remit and what is not… The crypto working group has started to identify what falls within the SEC’s jurisdiction and what does not, which is crucial. It is essential to involve the public in rulemaking discussions, and those affected by the rules should have the right to participate in rulemaking.”

Key Developments and Next Steps

The staff-level engagement between the CFTC and SEC comes days after President Donald Trump’s remarks on a crypto strategic reserve for the US. The White House is set to host its first crypto summit on Friday, March 7, 2025.

Tips for investors and market participants:

  • Stay informed about regulatory developments and updates on digital assets and cryptocurrencies.
  • Participate in public discussions and rulemaking processes to ensure your voice is heard.
  • Monitor the actions of regulatory agencies and their impact on the market.

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