SEC and CFTC Chiefs Unite to Advance U.S. Crypto Rules
Top U.S. financial regulators staged a public "harmonization" event after Mike Selig assumed leadership at the Commodity Futures Trading Commission, signaling a coordinated approach to crypto oversight. Officials framed the session as evidence they are working in lockstep on rulemaking and enforcement priorities, seeking to limit jurisdictional disputes and streamline regulatory decision-making.
The alignment matters because fragmented oversight has long been cited as a barrier to growth and compliance in the crypto industry. A united front could accelerate joint guidance, coordinated rule proposals, and information-sharing that deliver clearer obligations for exchanges, token issuers, and custodians while keeping investor protection central. Market participants should watch for follow-up memoranda, coordinated rulemakings, or joint enforcement frameworks that translate the rhetoric into concrete policy.