American regulators are allegedly searching for new ways to coordinate on Crypto oversight, with discussion to restore an advisory committee.
The US Securities and Exchange Commission and Commodity Futures Trading Commission tries to find out how to work together on crypto regulation. On 13 February Post on XFox News journalist Eleneor Terit, citing sources close to the case, wrote that both agencies may consider reviving a Joint Advisory Committee that has been inactive for more than a decade.
https://twitter.com/eleanortertert/status/18898406996968082
The CFTC-SEC Advisory Committee on emerging regulatory issues was established in 2010 in 2010 to help them stay on the same page. It came out of a 2009 report, aimed at improving coordination after the 2008 financial crisis, showing gaps in regulator inspection.
The committee was to spot risks, assess their impact and ensure that both agencies were aligned. But it stopped in 2014 due to leadership change and changes in priorities and was not brought back since.
Terit reports that CFTC acting president Caroline Fam called To bring back it in 2024, the joint panel would “be a strong sign of a new American regulatory approach that is collaborative and cooperative.” Neither SEC nor CFTC has made any public comment on the matter since the news broke.
The conversation about the revival of Joint Committee as President Donald Trump’s newly appointed AI and crypto Caesar David Sachs underlined a plan to work with Congress on market structure law, indicating a blow to clear crypto regulations, indicating a push for clear crypto regulations. Is.
Crypto’s expectations under Trump have bent towards clear rules. The official schedule of the President’s Working Group on Digital Asset Markets also indicates rapid track crypto regulation intentions. The calendar requires American Treasury, Department of Justice, SEC and other related agencies to identify all laws related to cryptocurrency and digital assets by the end of February.
Earlier in February, SEC Commissioner Haster Peerus defended his approach to cryptocurrency regulation, which prefer an innovation -friendly approach rather than restrictive inspection. She also clarified that she is not a “lawyer of the industry”, but more than a “independence maximum”, pushing behind claims that she is a very supporter of Crypto.
