SEC, CFTC in talks to renew crypto regulation through joint panel: report

American regulators would explore new ways of coordinating cryptographic surveillance, with discussions to restore an advisory committee.

The American Commission for Securities and the Exchange and the Committee Futures Trading Commission would try to understand how to work together on cryptographic regulations. In a February 13 PublishFox News journalist Eleanor Terrett wrote, citing nearby sources, that the two agencies could consider reviving a joint advisory committee which has been inactive for more than a decade.

The CFTC-SEC advisory committee on emerging regulatory problems was created in 2010 to help the two agencies stay on the same wavelength. It came out of a 2009 report which aimed to improve coordination after the 2008 financial crisis showed gaps in regulatory supervision.

The committee was aimed at identifying risks, assessing their impact and ensuring that the two agencies were aligned. But it stopped in 2014 due to leadership changes and a change of priorities and has not been brought back since.

Terrett stressed that the acting chair CFTC Caroline Pham called To bring it back in 2024, saying that the spouse would be a “strong signal of a new American regulatory approach which is collaborative and cooperative”. Neither the dry nor the CFTC have made public comments on the issue since the news broke out.

Discussions on the joint committee resurface as president Donald TrumpThe recently named AI and Crypto-Tsar David Sacks have described the plans to work with the Congress on market structure legislation, signaling pressure for clearer cryptographic regulations.

Crypto expectations under Trump have looked towards clear rules. The official calendar of the presidential working group on digital asset markets also signals acid intentions to accelerate the regulation of cryptography. The calendar requires that the American Treasury, the Ministry of Justice, the SEC and other agencies concerned identify all the relevant laws for cryptocurrencies and digital assets by the end of February.

Earlier in February, the SEC SECHER HESTER PIIRCE commissioner defended Its approach to the regulation of cryptocurrencies, prioritizing an approach adapted to innovation, rather than restrictive monitoring. She also clarified that she was not “a defender of the industry”, but more a “maximalist freedom”, pushing the claims that she supports the crypto too much.