- SEC and CFTC are in discussions to establish a common regulatory board.
- Brian Quintenz officially carries over as CFTC chair, stressing the agency’s role in innovation and financial markets.
- CFTC plans a CEO meeting featuring key crypto companies like Ripple and Coinbase to address industry concerns.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are growing discussions on a coordinated regulatory framework for the crypto market. This ambition comes as Brian Quintenz, formerly the crypto policy chief at a16z, takes on the position of CFTC chair.
Regulators Discuss Revival of Joint Advisory Committee
Fox Business journalist Eleanor Terret reported that the SEC and CFTC are engaging in high-level discussions to establish a structured collaboration on crypto regulation.
One of the key proposals under review involves reinstating the CFTC-SEC joint advisory committee charter. Originally established in 2010, the committee addressed shared regulatory challenges but has remained inactive since 2014.
Calls to restore the advisory committee gained momentum last year when acting CFTC chair Caroline D. Pham underscored its importance. She stated that reintroducing the committee could create a structured mechanism for addressing regulatory challenges in the digital asset industry.
Brian Quintenz Takes Leadership at the CFTC
On Wednesday, Brian Quintenz officially assumed his role as chairman of the CFTC. In a statement shared on the X platform, Quintenz emphasized the agency’s role in maintaining strong hedging and price discovery markets.
SEC Commissioner Hester Peirce, known for her involvement in crypto regulatory discussions, responded to his appointment with a call for increased SEC-CFTC cooperation. She referenced past regulatory frameworks, stating that the two agencies had previously worked together under Dodd-Frank Title VII and could now collaborate on digital asset regulations.
The CFTC is preparing to host a CEO forum as part of its crypto pilot program, bringing key industry participants into discussions. Companies such as Ripple, Coinbase, and Circle are expected to engage in the initiative, providing insights into regulatory considerations for the digital asset space. The forum is expected to focus on structuring regulatory policies that address industry concerns while ensuring compliance.
