US CFTC and SEC push joint collaboration on crypto regulation

CFTC Chair Michael Selig and SEC Chair Paul Atkins held a joint agency event on Thursday to discuss harmonization on crypto regulation.

Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would join the efforts of the Securities and Exchange Commission’s Project Crypto.

In remarks prepared for an SEC-CFTC discussion on harmonizing the agencies’ approach to digital assets, Selig said that the CFTC would be partnering with the SEC on its Project Crypto, an initiative launched in July to establish clarity on regulations for digital assets. 

According to the CFTC chair, the joint collaboration aims to “advance a clear crypto asset taxonomy, clarify jurisdictional lines, remove duplicative compliance requirements, and reduce regulatory fragmentation.” 

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