The acting president of Commodity Futures Trading (CFTC), Caroline Pham, revealed that the regulator cooperates closely with the Securities and Exchange Commission of the United States on questions related to crypto.
Pham made the declaration during the “Future of Fintech Symposium by Milken Institute, Eleanor Terrett de Fox Business” reported.
Pham said:
“We have restarted conversations at the staff between the CFTC and the SEC. We would like to work together. We have worked well together in the past and I can’t wait to resume regular order. »»
The SEC Commissioner, Hester Peirce, head of the regulator’s crypto working group, confirmed Pham’s remarks.
Declarations confirm Reports in early February that the CFTC and the SEC provided for a joint effort to combat the regulation of cryptography in the United States. The effort aims to relaunch the joint advisory committee, which was created in 2010 to respond to regulatory concerns shared by the two agencies but inactive since 2014.
Multilayer cooperation
Pham would also have declared that the regulator engages with the “Czar Crypto” of the White House, David Sacks, and the work was great.
Peirce added that it is good to have an administration which “is revealed to the clarity of cryptography”. In addition, the commissioner, also known as “Crypto Mom”, shared that the cryptographic working group is working to define the limits of what the SEC should not regulate.
She also pointed out that the search for public comments on regulatory efforts is important, adding:
“People affected by rules should have a place to make them.”
Regarding public participation in regulatory issues, the dry crypto labor group recently announced A series of public and online round tables on cryptographic regulations. The first session will take place on March 21.
Peirce and Pham’s remarks occur in the midst of a significant change in the regulatory landscape of American cryptography.
On February 28, the bags revealed The first crypto summit in the White House, which President Donald Trump apparently would have Use as a place To reveal the American Bitcoin (BTC) reserve strategy.
In addition, while regulators are looking for means to regulate crypto in the United States, the SEC has ended prosecution and investigations. This week, the regulator concluded his investigation by Yuga Labs and his trial against Kraken.
Since mid-February, the SEC has also decided to reject the prosecution against Coinbase, Consensys, Robinhood, Uniswap Labs and Gemini.
