Key Takeaways
CFTC–SEC dispute ends: Acting CFTC Chair Pham confirmed the agencies resolved their crypto oversight conflict.
Clarity Act progress: U.S. lawmakers advance legislation to define digital asset regulation and market structure.
Jurisdiction divide: Ex-CFTC Chair Behnam called most tokens commodities, while ex-SEC Chair Gensler argued they were securities.
Focus on cooperation: Pham stressed joint regulation to reduce market confusion and policy friction.
CFTC and SEC End Jurisdictional Dispute
According to BlockBeats, Acting CFTC Chair Pham announced at a joint SEC–CFTC roundtable that the agencies settled their crypto oversight battle. The dispute had created uncertainty for investors and projects for years.
Historical Clash Between Leaders
Former CFTC Chair Rostin Behnam argued most cryptocurrencies were commodities under CFTC oversight. By contrast, former SEC Chair Gary Gensler said most tokens were securities, placing them under SEC rules. This split created regulatory confusion.
Legislative Push in Washington
Lawmakers are moving forward with the Clarity Act. The proposal introduces a market structure framework that may give the CFTC more authority over digital assets. The bill aims to provide clearer rules for the crypto market.
Pham Emphasizes Cooperation
Pham acknowledged that regulatory boundaries were often unclear. She noted this created unnecessary friction between the agencies and confusion for market participants. Pham said collaboration is essential to protect investors and promote market stability.