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Gate ELSA Futures Trading Challenge is Now Live!
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SEC, CFTC to push united crypto work now that they both have Trump-appointed heads
Source: CryptoNewsNet Original Title: SEC, CFTC to push united crypto work now that they both have Trump-appointed heads Original Link: https://cryptonews.net/news/legal/32322271/ It’s not a new sentiment that the U.S. Securities and Exchange Commission and its sister agency, the Commodity Futures Trading Commission, are working together to enact President Donald Trump’s aggressive pro-crypto agenda. But the CFTC now has a new chief, Mike Selig, and the two agencies will hold a Tuesday event to underline their cooperation.
SEC Chairman Paul Atkins is no stranger to Selig, having been his boss until Selig’s switch to become the CFTC’s permanent chairman last month. Selig had been a senior official in the SEC’s crypto policy work, and he’s now replaced interim chief Caroline Pham to lead the commodities watchdog, where he already announced a new “future-proof” crypto initiative this week.
Atkins and Selig issued a joint statement on Thursday to announce the combined crypto event at the CFTC headquarters in Washington, saying that “market participants have been forced to navigate regulatory boundaries that are unclear in application and misaligned in design, based solely on legacy jurisdictional silos.”
“This event will build on our broader harmonization efforts to ensure that innovation takes root on American soil, under American law, and in service of American investors, consumers, and economic leadership,” they said.