SEC and CFTC Will Work Together on Crypto Regulations

New Era of SEC and CFTC

The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will focus on collaborative efforts with their respective leaders appointed by Donald Trump.

This situation is seen as a promising step towards developing a more effective approach to regulating cryptocurrencies. The challenges faced by both organizations are increasing uncertainty in the sector, while the need for collaborative efforts is becoming more pronounced.

SEC's new chair Gary Gensler and CFTC’s chair Rostin Behnam agree that this collaboration presents an important opportunity. It is believed that both leaders can create a more cohesive and integrated regulatory framework in the areas of cryptocurrencies and blockchain technology.