🇺🇸 US Financial Regulators Organize Crypto Roundtable
Next Monday, executives from major cryptocurrency companies will be featured at a high-profile crypto regulatory roundtable initiated by the SEC and CFTC. The latter agency is least likely to weigh in on the SEC’s efforts for regulatory harmonization.
The panelists, including Kraken, Crypto.com, Kalshi, and Polymarket, look to close the regulatory gap for digital assets in the U.S.
⚖️ Aiming to Bridge the Gap Between SEC and CFTC Policies
This event will help achieve regulatory coordination between the SEC and the CFTC as Congress debates legislation that would formally create a US digital asset market structure. In July, the House advanced the CLARITY Act, but the Senate has yet to take up its own market structure bill, leaving crypto regulation a moving target.
The roundtable occurs at a time with no clear leadership at CFTC, Congress has noted. Since 2025, every single commissioner except acting Chair Caroline Pham has left. Former CFTC Chair J. Christopher Giancarlo and former commissioner Jill Sommers will moderate the discussions.
Cointelegraph requested comment from Giancarlo, but none was received by the time of publication.
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📊 Crypto Policies Change with New Leadership
With the exit of Gary Gensler as chair of the SEC and Rostin Behnam as chair of the CFTC under President Trump, both agencies are enacting more industry-friendly policies.
SEC Developments
- Investigations and enforcement actions against several crypto firms, including Ripple Labs and Coinbase, were dropped.
- A simplified generic listing standard was introduced to allow crypto ETFs to be approved more easily.
CFTC Developments
- Four commissioners left, but the agency nevertheless designated crypto executives to a Global Markets Advisory Committee.
- Using tokenized assets and stablecoins as collateral for derivatives is now being explored.
The roundtable will be an important venue for regulators and industry to discuss the need for a more harmonized, predictable crypto regulatory environment in the US.