SEC и CFTC объединяют усилия для создания четкой регуляции криптовалют Translation: SEC and CFTC Unite Efforts to Establish Clear Cryptocurrency Regulation

Regulating the cryptocurrency market is clearly the «top priority» for the SEC, as stated by the agency’s chairman, Paul Atkins, during a press briefing following a roundtable with the CFTC, according to CoinDesk.

The meeting between representatives of the two agencies focused on collaboration in monitoring the industry and delineating their respective authorities.

Both agencies are set to maintain a central role in overseeing digital asset markets. The SEC will regulate cryptocurrency transactions classified as securities, while the CFTC will oversee the majority of tokens identified as commodities.

Agency leaders emphasized the need for a «clear-cut» distinction between these two asset categories to ensure effective oversight.

«We need to operate in unison. The main goal is to create a system where our agencies can coordinate their efforts seamlessly,» Atkins remarked.

CFTC Acting Chair Caroline Pham highlighted that «the battle for jurisdiction is over.»

In discussions with journalists, the SEC head emphasized an area such as asset tokenization. He estimated that developing regulatory frameworks for this activity could take up to two years.

«But the potential of this segment is virtually limitless,» Atkins noted.

He also dismissed notions of a potential merger between the SEC and CFTC as «fantastical.»

The panel discussions during the meeting included representatives from several industry companies, such as Kraken, Crypto.com, Polymarket, Kalshi, and Robinhood.

According to Stuart Alderoty, Ripple’s chief legal officer, legislators must quickly establish clear regulatory guidelines for cryptocurrencies, or the country risks losing its leadership in financial innovation.

He pointed out that the SEC has prioritized transparency regarding digital assets for the first time. Alderoty viewed this as a signal for implementing «predictable oversight,» possibly with stricter regulations.

The attorney referenced several surveys, indicating that one in five American adults owns cryptocurrency, yet most citizens are uncertain about the safety and reliability of existing investment methods. One study showed that a significant portion of respondents favored tightening regulations rather than relaxing them.

Implementing clear rules will not lead to the «disappearance of cryptocurrencies,» but will instead accelerate industry development, Alderoty emphasized.

It’s worth noting that experts have identified one consequence of a potential government shutdown in the U.S. as a slowdown in the processes for developing and adopting regulations for the cryptocurrency market.