#USGovShutdown The SEC and CFTC Hold First Joint Roundtable to Discuss Cryptocurrency Market Regulation
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) held their first joint roundtable in nearly 14 years, in a move that reflects a notable development in the level of cooperation between the two agencies in regulating the cryptocurrency market.
Caroline Pham, chair of the CFTC, emphasized the importance of regulatory alignment to reduce costs and enhance innovation and competition, pointing to joint initiatives such as the SEC's cryptocurrency project and the CFTC's "Sprint" initiative.
Pham confirmed that enhancing coordination could contribute to greater clarity for market participants and broaden access to the market, noting that the CFTC had taken 31 regulatory actions, including 14 in recent weeks, which reflects – according to her – the agency's effectiveness and that there is no justification for doubts about its performance.
For his part, Paul Atkins, chair of the SEC, stated that cryptocurrencies are currently a top priority for the agency, affirming that asset tokenization will be an important regulatory focus in the upcoming phase, although it may take a year or more to develop appropriate protective frameworks.
The debate has also resurfaced within the crypto community on platform X regarding the classification of cryptocurrencies as securities, amidst differing opinions between representatives of the traditional sector and the sector $BNB
