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‘Harmonization, Not Merger’: SEC Chair Paul Atkins Shuts Down SEC and CFTC Union Rumors

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The Securities and Exchange Commission (SEC) Chair Paul S. Atkins has dismissed hypothesis a few merger between the SEC and the Commodity Futures Trading Commission (CFTC), stating that the main target is as an alternative on “harmonization” of regulatory oversight.

Speaking at as we speak’s SEC–CFTC Joint Roundtable on Regulatory Harmonization, Atkins advised reporters that crypto stays the company’s high precedence and clarified that long-standing merger rumors are unfounded.

“Our focus is on harmonization, not on a merger between the SEC and CFTC,” Atkins mentioned, pushing again on hypothesis that has resurfaced with each new administration.

U.S. Regulators Move Toward Unified Digital Asset Framework in Joint SEC–CFTC Event

Atkins described as we speak’s gathering as “a turning level for U.S. monetary markets,” indicating a shift from years of siloed approaches.

“For years, the SEC and CFTC have labored in silos, typically at odds. Now, we’re paving a unified path ahead,” he mentioned.

The roundtable marks one of the crucial vital joint occasions to this point between the 2 regulators, bringing collectively Wall Street executives, policymakers, and main crypto corporations.

The agenda options three panels inspecting how nearer coordination may reshape oversight of platforms, contributors, and digital asset providers. Participants span each conventional finance and crypto, with audio system from Nasdaq, CME Group, ICE, Kraken, Polymarket, Kalshi, Crypto.com, Citadel, Robinhood, WisdomTree, and main U.S. banks.

Atkins framed harmonization as essential to stop monetary growth from transferring offshore. “The fragmented, convoluted system ends now,” he mentioned. “Without a unified method, America dangers ceding management within the subsequent chapter.”

He pledged that each companies would work “in lockstep” to align oversight, streamline reporting, and coordinate exemptions for innovation below present legal guidelines.

The message represents a pointy departure from the earlier administration, which continuously clashed over digital asset jurisdiction. “This ends now,” Atkins declared.

“It is certainly a brand new day on the CFTC and SEC. Together, our companies will guarantee the following chapter of monetary innovation is written proper right here within the U.S.”

In a joint assertion issued earlier this month, Atkins and Acting CFTC Chair Caroline D. Pham emphasized the need to harmonize definitions, align capital and margin necessities, and cut back pointless boundaries to innovation.

“By working in lockstep, our two companies can harness our nation’s distinctive regulatory construction right into a supply of power,” they mentioned, framing as we speak’s discussions as a “pivotal step” for market readability.

The event, held at SEC headquarters in Washington, runs from 1 p.m. to five:30 p.m. ET and is open to the general public with a reside webcast on the SEC’s web site.

Opening remarks have been delivered by Atkins, Pham, and SEC Commissioner Caroline Crenshaw, whereas closing remarks have been anticipated from Commissioner Hester Peirce.

Atkins described the trouble as a steadiness between defending traders and supporting entrepreneurs. “Markets, like rivers, have a method of discovering new channels the place as soon as there have been separate streams,” he mentioned. “Our job is to mix investor protections with an innovation-friendly method.”

The roundtable comes amid rising strain for clearer digital asset oversight. With crypto flagged because the SEC’s high precedence, as we speak’s dialogue alerts a coordinated try by regulators to carry larger coherence to U.S. markets with out restructuring their companies.

U.S. Accelerates Push Toward a Bitcoin Reserve, Market Structure Bill

The debate over a U.S. strategic Bitcoin reserve is gaining momentum alongside sweeping legislative reforms aimed toward reshaping crypto regulation.

On September 23, SEC Chair Paul Atkins urged Congress to fast-track the Crypto Assets Market Structure Act, stressing the necessity for a unified framework between the SEC and CFTC.

Speaking to Fox Business, Atkins pointed to the GENIUS Act, which granted statutory recognition to stablecoins earlier this 12 months, as proof of bipartisan progress.

He emphasised that the following precedence is aligning the SEC and CFTC via joint rulemaking to cut back regulatory uncertainty.

The White House has set an formidable timeline, anticipating the market construction invoice to succeed in President Trump’s desk by the tip of 2025.

At Korea Blockchain Week, White House Digital Assets Council government director Patrick Witt confirmed expectations for passage, calling it a step towards decreasing ambiguity in a $4 trillion market.

Senate Democrats have pressed for a bipartisan process, warning in opposition to advancing a Republican-led draft the ultimate enter.

In parallel, the SEC is preparing an “innovation exemption” to let crypto corporations launch merchandise with out speedy compliance hurdles.

Atkins described it as a shift towards fostering innovation and encouraging tokenization in U.S. markets, framing it as a part of Trump’s ambition to make the nation the “crypto capital of the planet.”

Meanwhile, the White House is vetting candidates to lead the CFTC, which may quickly acquire expanded authority over digital commodities below pending laws.

Former officers Josh Sterling, Mike Selig, and Tyler Williams are amongst these being thought of as lawmakers searching for a gradual hand to supervise Bitcoin and different spot markets.

With each Congress and regulators transferring in tandem, the prospect of a U.S. Bitcoin Reserve and broader crypto framework is edging nearer to actuality.

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