A roundtable is scheduled for September 29 in Washington, organized by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to discuss integrating cryptocurrency products and trading practices under U.S. regulation.
Joint Efforts of the SEC and CFTC
The crypto industry has faced challenges related to overlapping and often conflicting rules from the SEC and CFTC. The event is expected to be a step toward closer cooperation between the two agencies, with discussions covering around-the-clock trading, perpetual swaps, DeFi platforms, and reporting standards.
Potential for Spot Crypto Products
Recently, both agencies clarified that existing laws do not prevent registered exchanges from listing spot crypto assets. This news has been interpreted as an invitation for more active engagement with regulators. SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham emphasized that aligning rules could mark a significant turning point for the American regulatory system.
Part of a Larger Agenda
The roundtable is part of a broader push by the SEC and CFTC to accelerate rulemaking for new financial products. The Federal Reserve will also hold a conference in October focused on stablecoin business models and tokenized financial assets, signaling that regulators may be ready to collaborate with the crypto industry.
The September roundtable could open new opportunities for the crypto industry in the U.S., enabling American markets to compete with Europe and Asia, where crypto-specific regulations have already been established.
