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Crypto Leaders Kraken, Crypto.com to Face SEC-CFTC “Harmonization” Showdown – Here’s What’s at Stake 

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The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will maintain a joint roundtable on regulatory harmonization this Monday, September 29, at the SEC’s headquarters in Washington, D.C.

The assembly, scheduled from 1 p.m. to five:30 p.m. ET, can be open to the general public and webcast stay. The occasion marks one of the crucial necessary gatherings thus far between conventional finance executives and main crypto corporations.

SEC and CFTC to Host Joint Roundtable on Digital Asset Oversight

According to the published agenda, the roundtable will function three panels, every exploring how nearer coordination between the SEC and CFTC might reshape oversight of buying and selling platforms, market contributors, and digital asset providers.

Opening remarks can be delivered by SEC Chair Paul Atkins, Acting CFTC Chair Caroline Pham, and SEC Commissioner Caroline Crenshaw.

The first panel, moderated by former CFTC Chair J. Christopher Giancarlo, will look at the historical past of SEC-CFTC cooperation, drawing in business consultants from teams together with SIFMA, Interactive Brokers, and ISDA.

The second panel, centered on platforms, is anticipated to attract essentially the most consideration. Moderated by former CFTC Commissioner Jill Sommers and SEC Division of Trading and Markets Director Jamie Selway, it’s going to carry collectively leaders from each Wall Street and crypto.

Panelists embrace Arjun Sethi of Kraken, Shayne Coplan of Polymarket, and Tarek Mansour of Kalshi, alongside Adena Friedman of Nasdaq, CME Group’s Terrence Duffy, and ICE Chair Jeffrey Sprecher.

Analysts be aware that such a lineup exhibits how crypto platforms are actually coming into the identical regulatory discussions as a few of the world’s largest monetary exchanges.

Following remarks from SEC Commissioner Mark Uyeda, the ultimate panel will flip to market contributors and the potential advantages of harmonized guidelines for traders.

Panelists embrace Nick Lundgren of Crypto.com, Stephen Berger of Citadel, Ryan Louvar of WisdomTree, JB Mackenzie of Robinhood, Dave Olsen of Jump Trading, and representatives from Bank of America and J.P. Morgan. The dialogue can be moderated by Giancarlo and former SEC Commissioner Troy Paredes.

Closing remarks can be delivered by SEC Commissioner Hester Peirce. The agenda displays rising momentum for aligning the approaches of the 2 regulators, a improvement that might immediately influence exchanges, custody suppliers, and stablecoin issuers working within the United States.

Eleanor Terrett, an analyst at Bloomberg, noted that the inclusion of each crypto platforms like Kraken and Crypto.com alongside conventional finance giants resembling Nasdaq, CME, and ICE illustrates simply how far the regulatory debate has progressed.

The roundtable can be livestreamed on the SEC’s web site, with no registration required for on-line viewers.

SEC Ramps Up Crypto Oversight With Series of Public Roundtables

The SEC is urgent forward with its “Spring Sprint Toward Crypto Clarity,” a sequence of roundtables supposed to form digital asset oversight by its newly created Crypto Task Force.

The first session, held March 21 in Washington, D.C., examined the authorized standing of crypto belongings below the theme “How We Got Here and How We Get Out.” While the primary panel was livestreamed, regulators and business leaders additionally joined closed-door breakout discussions for extra candid exchanges.

A second roundtable on April 11 shifted focus to buying and selling guidelines. Titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” it featured senior executives from Uniswap Labs, Cumberland DRW, and Coinbase, all corporations beforehand investigated by the SEC.

Traditional market voices, together with representatives from the New York Stock Exchange and UC Berkeley, additionally joined the talk.

Two weeks later, custody took middle stage. On April 24, Chair Paul Atkins opened “Know Your Custodian,” joined by Commissioners Hester Peirce, Mark Uyeda, and Caroline Crenshaw.

Peirce referred to as custody one of many company’s “most difficult” points as crypto is built-in into monetary markets.

Looking forward, the SEC will host a hearing on October 17 devoted to privateness and monetary surveillance applied sciences, a transfer Commissioner Peirce described as key to defending Americans’ knowledge within the digital financial system.

The submit Crypto Leaders Kraken, Crypto.com to Face SEC-CFTC “Harmonization” Showdown – Here’s What’s at Stake  appeared first on Cryptonews.

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