Washington, DC – The president of the Securities and Exchange Commission in the United States, Paul Atkins, said that “Crypto is a job” because his agency had organized a Monday round table focused on harmonization policy with its sister regulator, the convenience future trading commission.
The two agencies should play a central role in the supervision of digital asset markets in the United States, the SEC supervising cryptographic titles and the CFTC – especially after it should have more authority by the congress – supervising the major part of the digital asset transactions. But the leaders of the two said they wanted the boundaries between the titles and the basic products to be transparent, allowing unique companies or even the applications to cross the two without difficulty.
“Our two agencies must work in Lockstep,” Atkins told a crowd of financial compliance lawyers and industry representatives at the SEC headquarters in Washington. “What matters is the construction of a framework where our agencies are coordinated transparently.”
Read more: dry, CFTC chiefs say that crypto lawn wars while agencies are advancing in joint work
The acting president of the CFTC, Caroline Pham, added: “It’s a new day, and the Gazon War is over.”
Although it is an unusually powerful feeling of these agencies, which have often been in contradiction with each other, the CFTC side is still in the absence of a permanent leader to guarantee that its strategic decisions will not be offset in the new direction. But Pham spent part of his time in the microphone by ensuring the crowd that his agency evolves at a rapid pace under his direction.
“The CFTC is alive, and there must no longer be a fud on what is happening,” she said, evoking the common acronym of the crypto world for “fear, uncertainty and doubt”.
Atkins commented on the leadership of the CFTC under Pham, with whom he worked together on crypto initiatives, as “at high speed in advance”.
On the sidelines of the round table event, the president of the SEC told journalists that “obviously, the major priority at the moment is the crypto”.
He said that in response to a Coindesk question that President Donald Trump “has somehow posed the glove” and wants to sign a bill on market structure by the end of the year. “We will see how it goes.”
The tokenization of assets will be a particular field of the objective of the dry, he said, although he said that he could take “a year or two” to erect regulatory railings around the activity.
“The potential is roughly endless,” he said.
Atkins also rejected speculations on the merger of the SEC and the CFTC, the calling “whimsical”.
The Monday round table was the last dry event that focused on cryptographic space, although it has represented wider cooperation between the agencies. Digital panels and blockchain leaders weighed on panels such as Kraken, Crypto.com, Polymarket, Kalshi and Robinhood.
