SEC Chair Pushes for Single Crypto Rulebook, Ending SEC vs. CFTC Turf War
The US cryptocurrency regulatory landscape may be on the verge of a significant shift. Earlier Today, The Financial Times reported that the US Securities and Exchange Commission (SEC) Chair Gary Gensler, is seeking unanimity between SEC and the Commodities Futures Trading Commission (CFTC). For years, the lack of a clear, unified framework has plagued the industry, leading to uncertainty and hindering innovation. The SEC and the CFTC could soon begin working unilaterally, following a new memorandum of understanding, potentially streamlining regulation and providing much-needed clarity.
New Leadership, New Approach: Paul Atkins' Vision
The push for a single rulebook appears to be gaining momentum. While Gary Gensler advocates for this unified approach, recent leadership changes at the SEC further underscore this potential change. New SEC Chair Paul Atkins is pushing for a full overhaul of outdated crypto regulations to provide clearer rules for the industry. Atkins criticized the prior enforcement actions, suggesting a more collaborative and forward-thinking regulatory environment. Notably, Hace 3 días, Key Points revealed that Paul Atkins has been confirmed as SEC chair, succeeding Acting Chair Mark Uyeda, who initiated significant regulatory actions. This new direction signals a potential departure from past enforcement-heavy strategies towards a more structured regulatory regime.
Why a Single Rulebook Matters
Currently, the debate centers around whether digital assets should be classified as securities (under SEC jurisdiction) or commodities (under CFTC jurisdiction). This distinction has significant implications for how crypto businesses operate and comply with regulations. Gary Gensler has said he is pushing for a single rulebook for crypto exchanges and reveals that the two most active US crypto regulators are close to signing a memorandum of understanding, signifying a tangible step towards unified oversight. This collaboration could address key issues, such as the registration of crypto exchanges, the regulation of stablecoins, and the prevention of fraud and market manipulation.
Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency's cryptocurrency policies on Monday, saying he plans to address the ambiguity that has stifled innovation. The new Crypto Task Force aims to develop comprehensive guidelines, ensuring both investor protection and the responsible growth of the digital asset market. While the details are still emerging, the prospect of a consolidated framework offers a glimpse of a more transparent and predictable future for the US crypto industry. The date to remember in this ongoing conversation is 13 de sept. de 2025.