Regulatory Coordination between the SEC and CFTC Becomes a Central Issue in Cryptocurrency Oversight. The newly appointed SEC Chair Paul Atkins announced a meeting with CFTC Chief Michael Selig, focusing on the urgently needed coordination in the digital asset sector. The meeting, scheduled for early February, aims to eliminate the existing jurisdictional uncertainties between the two agencies.

The main goal of this coordination is to create a coherent regulatory framework that covers both cryptocurrencies and derivatives, as well as other digital instruments. So far, the unclear division of responsibilities between the SEC and CFTC has led to regulatory gray areas and contradictions, burdening market participants and regulators alike. The intensified coordination aims to close these gaps and provide legal certainty for the industry.

Behind this initiative is the strategic intention of the USA to maintain its position as a leading global financial hub in the digital assets sector. Clear and coherent regulation could attract institutional investments and strengthen trust in the crypto market – an important factor in the international competition with other financial centers.