Washington, DC – President Paul Atkins for US Securities and Exchange Commission said “Krypto is Job One” as his agency hosted a Monday round table that focused on the harmonization of political work with his sister regulator, The Commodity Futures Trading Commission.
Both agencies are set to have key roles in overseeing the markets of digital assets in the United States, where SEC oversees crypto caves and CFTC – especially after it is expected to gain more authority from the congress – which monitors most of digital asset transactions. But managers of both have said that they want the boundaries between securities and raw materials to be seamless, enabling single companies or even apps to cross both without difficulty.
“Our two agencies have to work in Lockstep,” Atkins told a lot of financial observations and industrial representatives at the SEC headquarters in Washington. “What matters is to build a framework where our agencies coordinate seamlessly.”
Read more: SEC, CFTC Chiefs says Krypto Torv Warrior over when agencies move on to joint work
CFTC -functioning President Caroline Pham added, “It’s a new day, and the Turf War is over.”
Although it is an unusually powerful mood of these agencies, which have often been in conflict with each other, the CFTC side is still a permanent leader to ensure that its strategic decisions will not be displaced under new leadership. But Pham spent some of her time on the microphone and assured the amount that her agency is moving at a rapid pace under her leadership.
“CFTC is alive and good, and there should be no more fud about what’s going on,” she said, eliciting the ordinary crypto world’s acronym for “fear, uncertainty and doubt.”
Atkins commented on the CFTC leadership under Pham, which he has worked with crypto-initiatives, as “full-speed in the future.”
On the sidelines of the Roundtable event, the SEC chairman said journalists that “obviously is the highest priority right now crypto.”
He said in response to a question from Coindesk that President Donald Trump “kind of established Gauntlet” and wants to sign a market structure bill at the end of the year. “We’ll see how it’s going.”
Asset -tokenization will be a specific area of sec -focus, he said, though he said it can take “a year or two” to build regulating protection frames around the activity.
“The potential is largely endless,” he said.
Atkins also rejected speculation about SEC and CFTC fusion and called it “imaginative.”
Monday Roundtable was the latest SEC event that put some focus on the crypto area, although it represented a broader collaboration between the agencies. Roads on the panels were digital assets and blockchain executives from companies such as Kraken, Crypto.com, Polymarket, Kalshi and Robinhood Markets.
