Acting chairman of Commodity Futures Trading Commission (CFTC) Caroline Pham revealed that the supervisor works closely with the US Securities and Exchange Commission (SEC) on crypto-related matters.
Pham made the statement during the Milken Institute’s ‘Future of Fintech Symposium, FOX Business’ Eleanor Terrett reported.
Pham said:
“We have started conversations at the level of staff between the CFTC and SEC. We would like to work together. We have worked well together in the past and I look forward to returning to regular order. “
SEC commissioner Hester Peirce, head of the Crypto Task Force of the Regulator, confirmed the comments of Pham.
Confirm the explanations At the beginning of February reports That the CFTC and the SEC were planning a joint effort to tackle Crypto Regulation in the US. The effort is intended to breathe new life into the Joint Advisory Committee, which was established in 2010 to tackle the concern of the regulatory authorities that are shared both agencies but have been inactive since 2014.
Multi -layer cooperation
It is said that Pham also said that the regulator is involved in the ‘crypto tsar’ of the White House, David Sacks, and the work was great.
Peirce added that it is nice to have an administration that is “resting to have crypto -defeat.” Moreover, the Commissioner, also known as ‘Crypto Mom’, shared that the crypto Task Force works on defining the limits of what the SEC should not regulate.
She also emphasized that achieving public feedback on the efforts for regulations is important, add:
“The people who are affected by the rules must have a place to make them.”
Regarding public participation in legal matters, the SEC Crypto Task Force Recently announced A series of public and online round tables on crypto regulations. The first session will be held on March 21.
The comments of Peirce and Pham come among an important change in the American crypto regulations landscape.
On February 28, bags unveiled The first Crypto top of the White House, who would be able to do President Donald Trump Use as a location To reveal the US Bitcoin (BTC) reserve strategy.
Moreover, because supervisors are looking for ways to regulate crypto in the US, the SEC has put an end to lawsuits and investigations. This week the regulator his investigation from Yuga Labs and his lawsuit against Kraken.
Since mid -February, the SEC has also moved to reject lawsuits against Coinbase, Consensys, Robinhood, Uniswap Labs and Gemini.
