CFTC Chair Michael Selig and SEC Chair Paul Atkins held a joint meeting on Thursday to discuss harmonizing cryptocurrency regulation. The CFTC said it would participate in the SEC’s Project Crypto, signaling willingness to collaborate. The two agencies plan to build a new cooperation framework to integrate their approaches to digital asset regulation.
They aim to establish a cryptocurrency asset classification system, clarify jurisdictional boundaries, remove duplicative regulatory requirements, and reduce regulatory fragmentation. Selig warned that a fragmented oversight regime raises barriers to entry, dampens competition, increases compliance costs, and encourages regulatory arbitrage rather than productive investment. The agencies emphasized that the goal is not to blur legal boundaries but to reduce unnecessary duplication that does not enhance market health.
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