#SEC and CFTC Collaborate on Project Crypto to Harmonize Crypto Regulation.
The U.S. CFTC and SEC have agreed to jointly lead a regulatory effort, dubbed “Project Crypto,” to modernize oversight of digital asset markets.
The collaboration was announced Thursday at a joint regulatory forum hosted by both agencies. Officials said the move reflects the growing convergence of financial technologies, trading platforms, and asset classes, an evolution that has increasingly blurred traditional regulatory boundaries.
SEC Chair Paul Atkins confirmed that Project Crypto will be managed collaboratively. In his remarks, he argued that existing regulatory divisions no longer reflect how modern markets actually function, calling for a more integrated approach to supervision.
Project Crypto will be jointly managed by the SEC and CFTC to integrate oversight of digital assets.
The initiative formalizes cooperation that began after the agencies ended their jurisdictional standoff in September.
New CFTC Chair Michael Selig confirmed the agency will align its crypto framework with the SEC rather than creating a standalone system.
Regulators plan to develop a shared taxonomy clarifying which digital assets qualify as securities.
Congress is advancing legislation on digital asset regulation, but progress has been uneven, with delays caused by the treatment of stablecoins.
The CFTC will also revisit rules on prediction markets, withdrawing previous proposals that limited political and sports-related contracts.
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