US SEC and CFTC Unite on Crypto Regulations During Trump Admin

• US SEC and CFTC collaborate to work on crypto regulations.
• Hester Pierce congratulated Quintenz for becoming the chairman of the US CFTC.

Another day another exciting move from the Trump administration. In the latest development, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission collaborated on crypto regulations.

The collaboration officially rolls on when a16z crypto policy chief, Brian Quintenz, joins as the CFTC chair. This move clearly demonstrated that under the Trump administration, the US SEC is more focused on digital assets.

US SEC and CFTC Collaborate on Crypto Regulatory Framework

Fox Business reporter Eleanor Terret wrote in their latest X post that digital assets are becoming a priority for US regulators. Currently, the SEC and CFTC are discussing a collaboration so that they bring a clear regulatory framework for digital assets. 

Terret highlights that a proposal is under review. She stated,

“One idea is to reinstate the charter for the CFTC-SEC joint advisory committee, which was established in 2010 to provide a vehicle for discussion on emerging regulatory issues that affected both agencies. The committee has been inactive since 2014.”

Terrett added that acting chair Caroline D. Pham called to reform the advisory committee. She said it is a strong signal of a new partnership and a cooperative U.S. regulatory approach to cryptocurrency.

Moreover, Hester Pierce aka crypto mom approaches Brian Quintenz for the collaboration between SEC and CFTC to work on the crypto regulatory framework. Quintenz is recently appointed as the chairman of the US CFTC. 

On this Hester Pierce congratulated Quintenz and said looking forward to more SEC and CFTC cooperation. Besides Pierce, Michael Saylor also congratulated him.

On becoming the chairman of the US CFTC, he reached out to X and gave gratitude to Donald Trump. Moreover, Quintenz said the CFTC plays a crucial role in maintaining hedging and price discovery markets.  All these recent developments demonstrate a shift in the regulatory approach towards digital assets.
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