Modern reports claim that the US Securities and Stock Exchange Committee (SEC) and the CFTC futures trading committee (CFTC) in talks to cooperate in encryption regulations amid the shift of its new approach within the framework of the Trump friendly administration.
SEC and CFTC discuss cooperation
On Wednesday night, Elianor Teret, Fox's business journalist open The United States SEC and CFTC are discussing its options to cooperate effectively in encryption regulations as a clear framework for digital assets that becomes a “maximum priority” for agencies.
According to Terret, the regulatory agencies are considering the re-chart of the CFTC-CC, which was inactive for more than a decade. The joint consulting committee between CFTC-Sec was established on the emerging organizational issues in 2010 by CFTC, SEC, Gary Gensler and Mary Schapiro chairs.
The Joint Committee aims to develop recommendations on continuous issues related to both clients, including emerging organizational risks, their effects on investors and market participants, and agencies in organizational coordination.
CFTC's description of the inactive joint advisory group. Source: Eleanor Terret on X
In November 2024, CFTC chair Caroline Fam The name To revive the joint advisory committee, indicating that it will indicate the new cooperative approach to regulating the encryption industry.
I am looking forward to the future, and I hope that CFTC and SEC will work to restore the CFTC-Se Code on emerging organizational issues, which have been sleeping over the past decade. It will be a strong indication of a new, cooperative, collaborative and cooperative approach.
Organizational efforts for American agencies
The potential revival of the Joint Consulting Committee follows the ongoing changes in the American organizational agencies. After Gary Ginsler left the Supreme Education Council, the agency's head, Mark Oida, established the encryption workplace.
The work squad, led by Commissioner -friendly Hyster Peres, was established to review the agency's approach in dealing with digital assets and creating a “comprehensive and clear” organizational framework. In addition, it is expected to take a “more fun and less dangerous” approach than the committee in the past decade.
Commissioner Peres recently told Bloomberg Chefro that the organizational agency “is trying to return to a path where we really use our other tools to create a policy” after years of using enforcement cases as a way to make organizational policy. “
Meanwhile, US President Donald Trump recently nominated Brian Quintns, supportive of Ribran to lead CFTC. The CFTC Commissioner CFTC was the first Trump administration, the current head of the policy in the Andrink Horwatz (AI16Z).
In the X Publication, it is I mentioned“CFTC plays an important role in maintaining strong hedge markets and discovering prices that envy the world.” He suggested that the agency “is well prepared to ensure the leadership of the United States in Blockchain technology and innovation.”
Many industry numbers, including CEO of Ripple Brad Garlinghyus and strategy president Michael Sailor, participated in the nomination. Meanwhile, Commissioner Pierce here Quintez, adding that she “is looking for more CEC-CFTC. Last time Dod Frank was the seventh address. This time he encoded.”
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