SEC and CFTC may establish a joint committee to end the cryptocurrency regulatory dispute

ChainCatcher news, according to TheBlock, a draft market structure bill proposed by the U.S. Senate suggests the establishment of a joint committee between the SEC and CFTC to end the dispute over cryptocurrency regulation. The draft includes provisions to protect decentralized finance (DeFi) developers, clarify the regulatory treatment of airdrops, and exempt decentralized physical infrastructure networks (DePINs) from securities laws.

In addition, the bill calls for the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a joint advisory committee on digital assets to coordinate the two agencies’ different regulatory approaches to digital assets. The SEC and CFTC have recently deepened their cooperation in cryptocurrency regulation and plan to hold a public roundtable on September 29 to discuss “regulatory coordination priorities.” SEC Chairman Paul S. Atkins and CFTC Acting Chair Caroline D. Pham stated in a joint announcement: “By working together to coordinate regulatory frameworks, the SEC and CFTC can reduce unnecessary barriers, improve market efficiency, and create space for innovation. Our shared goal is to ensure the United States maintains its global leadership in capital markets.”

Previously, Senator Cynthia Lummis stated that the market structure bill is expected to be signed into law by President Trump before Christmas this year. In addition, the Small Business Administration has ordered banking institutions to restore services to customers who were illegally “de-banked” and required that relevant policies be corrected by December 5. The Consumer Financial Protection Bureau has also publicly acknowledged abuses of power against certain companies during the Biden administration.

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