The SEC and CFTC hold the first joint roundable in almost 14 years

The SEC and CFTC held their first joint round table in almost 14 years to tackle the crypto regulations and to explore greater cooperation.

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) held their first joint round table in almost 14 years.

The discussion emphasized that the two agencies are planning to collaborate on crypto regulation, despite the fact that they have little history of cooperation.

Coordination for crypto rules

CFTC acting chairman Caroline Pham recognized At the round table on Monday, the unclear regulatory boundaries sometimes had the SEC and CFTC many opportunities to work together for market participants and global capital markets, sometimes friction and difficulties for the public.

Pham said she was happy that both supervisors are now aligning rules to reduce unnecessary costs, support responsible innovation and create fair competition. She pointed to the Crypto project of the SEC and the Crypto -sprint of the CFTC as early examples of coordination, suggesting that greater harmonization could lead to increased efficiency, clarity and extensive access to investors to digital assets.

Pham tackles the concern about the effectiveness of the CFTC and reported that the agency carried out unclear actions and 13 enforcement actions from 20 January to 3 September 18, involving some digital assets rights. Since 4 September, the committee has started 14 more legal proceedings in just a few weeks.

The observation chair said these figures show that the CFTC is active and effective, adding that “there is no more FUD about what is happening on the other side of the city.”

The round table also contained panels about market structure and innovation, with discussions on topics such as extensive trading hours, eternal contracts, prediction markets and crypto assets. The participants include managers of large crypto companies such as cracking, Robinhood and Crypto.com.

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On the sidelines of the recent event, SEC chairman Paul Atkins said that Crypto is now the ‘top priority’ of the agency. He also identified assets -tokenization as an important area of ​​legal focus, warning that it can take a year or two to establish the correct guardrails and described its potential as ‘almost endless’.

Earlier in the year, the financial watchdog had held discussions about tokenization and crypto regulation, with the aim of harmonizing rules in the midst of increasing crypto acceptance.

Tensions rise on the classification of tokenized effects

Elsewhere, the Crypto X community has taken over the debate on how tokenized effects should be classified. The conversation follows tensions in the recent joint panel, where traditional financial representatives oppose innovation exemptions and advocate for strict fungility requirements under registration.

Crypto lawyer Gabriel Shapiro assertions That tokenized effects must indeed be fungic. In response to this, former regulatory adviser Justin Slaughter undercommon The conviction that these instruments are inherent derivatives, which suggests that they can represent the underlying assets themselves or an idealized version. Shapiro prevented such an ambiguity to reflect bad tokenization practices through SPVs and similar structures, compared to more native approaches such as Superstate or Metalex.