Digital assets were a popular topic at an SEC-CFTC roundtable event on Monday featuring executives from cryptocurrency companies.
Caroline Pham rattled off data about the CFTC‘s enforcement actions since she became acting chair in a roundtable event to discuss the agency and the SEC working together.Officials with the US Securities and Exchange Commission and Commodity Futures Trading Commission met for the first joint roundtable in about 14 years to discuss “regulatory harmonization efforts,” including those potentially impacting the cryptocurrency industry.
In the Monday roundtable, acting CFTC Chair Caroline Pham, also the last remaining commissioner at the agency following a string of departures and resignations in 2025,her opening statement to discuss how the two agencies working together could significantly change the regulatory landscape for digital asset companies. SEC Chair Paul Atkins focused on cross-agency “collaboration, not consolidation” during his opening statement, clarifying there was no plan to merge the two agencies, “which would be up to Congress and the President.” Pham said she would “take a moment to dispel some of the FUD ” regarding the CFTC’s operations on crypto. According to the acting CFTC chair, the agency took 18 actions that did not include enforcement cases from Jan. 20, when she took the helm at the regulator, until Sept. 3. She reported that there had been 13 enforcement actions during the same period, some of which “I think you will see that the CFTC is alive and well, and there needs to be no more FUD about what’s going on on the other side of town,” said Pham.from cryptocurrency companies Kraken and Crypto.com. Pham was the sole currently serving member of the CFTC attending the event, though former CFTC Chair J. Christopher Giancarlo and former commissioner Jill Sommers moderated panels.poised for a potential shutdown The shutdown would effectively halt all activities in Congress, including the consideration of a market structure bill in the Senate, which is expected to clarify the roles the SEC and CFTC would have in overseeing digital assets.In addition to a potential government shutdown halting legislation in Congress, it could further delay confirmation of a replacement for Pham to head the CFTC. The acting chairthat she planned to move “to the private sector” if the Senate were to confirm Trump’s pick, former commissioner Brian Quintenz. After Trump’s nomination of Quintenz in February, the Senate Agriculture Committee had been scheduled to vote on the prospective CFTC chair before recessing in August. However, the committeeUS government poised to shut down: Will it affect crypto market structure bill?
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