SEC and CFTC discuss joint approach to regulating cryptocurrencies

One of the partnership’s goals is to reinstate the charter of the regulators’ joint advisory committee

13.02.2025 - 15:20

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What’s new? The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have began a discussion regarding effective methods of cooperation in the field of regulation of cryptocurrencies. Fox Business journalist Eleanor Terrett repots this. The statement said:

“One idea is to reinstate the charter for the CFTC-SEC joint advisory committee, which was established in 2010 to provide a vehicle for discussion on emerging regulatory issues that affected both agencies. The committee has been inactive since 2014.”

What else is known? Terrett also highlighted that the CFTC’s acting chair, Caroline Pham, called for the committee’s work to be renewed in 2024, which was an important signal to shape “a new collaborative and cooperative US regulatory approach to digital assets.”

The SEC and Binance have also requested a 60-day suspension of the litigation, raising questions about possible delays in other significant cases. Experts have speculated that the pause may indicate a shift in enforcement priorities, especially amid changes in SEC leadership.

It is worth recalling that earlier, US President Donald Trump appointed Brian Quintenz, who serves as head of the crypto division at a16z, as chairman of the US Commodity Futures Trading Commission.

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