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Jimmy Aki
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Jimmy Aki
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The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly exploring ways to collaborate on crypto regulation. This renewed collaboration could revive the CFTC-SEC Joint Advisory Committee, which was formed in 2010 but has been inactive since 2014.
If reinstated, the CFTC and SEC committee could help create clearer and more unified regulations for the crypto industry.
Upcoming Revival of Committee Signals a Unified and Clearer Approach to Crypto Regulation
On February 12, Fox Business journalist Eleanor Terrett exclusively revealed the discussion between the two crypto agencies in an X post. She cited sources close to the matter, stating that the SEC and CFTC are considering reviving a joint advisory committee that has been inactive for over a decade.
The CFTC and SEC committee was originally established to identify risks, evaluate their impact, and ensure both agencies remained aligned in their regulatory approach. However, it became inactive in 2014 due to leadership changes and shifting priorities.
Since then, regulatory oversight of digital assets has often been fragmented, with the SEC and CFTC sometimes clashing over jurisdiction. Bringing back this committee could be a step toward more coordinated crypto regulation.
These discussions come during major leadership shifts in U.S. financial oversight. With Mark T. Uyeda temporarily leading the SEC after Gary Gensler’s departure and Paul Atkins nominated to take over, the crypto industry is anticipating a change in direction.
Atkins, known for his pro-crypto stance, could push for policies that favor innovation while maintaining oversight.
Meanwhile, Brian Quintenz, a strong advocate for decentralized finance, has been confirmed as the new chair of the CFTC, further signaling a potential shift in regulatory approach.
The idea of reviving the CFTC and SEC committees is not new. Former CFTC Acting Chair Caroline D. Pham supported its return, emphasizing that collaboration between US regulators is essential for ensuring market stability and investor protection.
A structured and cooperative approach to crypto regulation could provide much-needed clarity for businesses and investors navigating the industry.
However, the response from the crypto community has been mixed. Some see this as a long-overdue move that could finally create a unified framework, reducing business uncertainty.
Another concern is whether the CFTC and SEC committees will actually deliver meaningful results. Some industry voices argue that past regulatory efforts have lacked consistency, often leading to confusion rather than clarity.
As discussions progress, the industry is watching closely. If this committee is revived, it could reshape the future of crypto regulation in the U.S. The key question now is whether this collaboration will bring much-needed clarity or just another layer of complexity.
US SEC Pause Lawsuit Against Binance to Foster Friendly Crypto Regulation
The U.S. SEC seeks to pause its lawsuit against cryptocurrency exchange Binance, signaling a potential shift toward a more crypto-friendly regulatory approach.
On February 10, Binance and the SEC filed a joint motion in the U.S. District Court for the District of Columbia, requesting a 60-day stay on the case.
This lawsuit, filed initially two years ago, was one of the most high-profile enforcement actions against a crypto exchange. The legal battle accused Binance of multiple violations, including operating as an unregistered securities exchange and mismanaging customer funds.
However, with leadership changes at the SEC, the agency appears to be reconsidering its stance on crypto regulation. The filed document revealed that the SEC requested Binance to pause proceedings.
The regulator cited the work of a newly formed crypto task force, launched by Acting Chairman Mark Uyeda, as a key reason for the decision.
The task force aims to improve the SEC’s relationship with the crypto industry and explore new frameworks for regulating digital assets. The agency stated that the outcome of these efforts might influence and potentially facilitate a resolution to the case.
Case observers believe the move is part of a new administration led by President Donald Trump, who has expressed support for a more open stance on digital assets.
