The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly looking into options for collaborating on regulating cryptocurrencies.
According to Fox News journalist Eleanor Terrett, who referenced sources in a post on X on February 13, the agencies are contemplating reestablishing a joint advisory committee that has been inactive for over a decade.
The CFTC-SEC Advisory Committee on Emerging Regulatory Issues was established in 2010 to improve coordination between the two agencies following a 2009 report on regulatory gaps revealed by the 2008 financial crisis. Its purpose was to identify risks and promote agency cooperation. However, the committee became inactive in 2014 due to changes in leadership and priorities, and it has not been revived since.
CFTC Acting Chair Caroline Pham supports reinstating a committee, viewing it as a positive shift towards a collaborative U.S. regulatory approach. Neither the SEC nor the CFTC has commented publicly on the issue since it emerged.
Revising a joint committee aligns with regulatory changes under President Trump’s administration. David Sacks, the newly appointed AI and Crypto Czar, plans to work with Congress on market structure legislation to enhance transparency for digital assets. Additionally, the presidential working group on digital asset markets has tasked key agencies, including the U.S. Treasury, Justice Department, and SEC, with identifying laws related to cryptocurrencies by the end of February.
Meanwhile, Lawmakers and industry leaders seek regulatory clarity to maintain U.S. competitiveness in the global digital asset market. As other countries develop their frameworks, the focus is on fostering innovation with proper oversight. On February 11, the House Financial Services Committee’s Subcommittee on Digital Assets will hold a hearing titled “A Golden Age of Digital Assets: Charting a Path Forward,” featuring industry figures like PayPal’s Jose Fernandez da Ponte, Kraken’s Jonathan Jachym, and Harvard’s Timothy Massad to discuss future crypto regulations and innovation in the U.S.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
