‘The turf war is over': CFTC Acting Chair Caroline Pham says as agencies look to work together on crypto

‘The turf war is over': CFTC Acting Chair Caroline Pham says as agencies look to work together on crypto

By The Block
The "turf war is over," between the SEC and CFTC, said CFTC Acting Chair Caroline Pham during a roundtable on Monday.

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**CFTC and SEC End Cryptocurrency Regulatory Turf War, Signaling Major Industry Shift**

CFTC Acting Chair Caroline Pham declared the regulatory "turf war is over" between the Commodity Futures Trading Commission and Securities and Exchange Commission during Monday's cryptocurrency roundtable, marking a pivotal moment for digital asset oversight. This landmark announcement suggests improved interagency cooperation on Bitcoin, Ethereum, and broader blockchain regulation that has long plagued the cryptocurrency industry.

The regulatory clarity could significantly impact DeFi protocols, cryptocurrency exchanges, and digital asset classification disputes that have created market uncertainty. Pham's statement indicates both agencies are prioritizing collaborative frameworks over jurisdictional battles, potentially streamlining compliance for crypto businesses and institutional investors.

This development comes as the cryptocurrency market seeks clearer regulatory guidelines amid growing institutional adoption and evolving blockchain technologies. The unified regulatory approach may boost investor confidence and accelerate mainstream cryptocurrency integration across traditional financial markets.

Industry stakeholders view this cooperation as essential for sustainable crypto growth, particularly for decentralized finance platforms and emerging digital asset innovations requiring consistent regulatory treatment across federal agencies.

Article Details

Market Sentiment
neutral
Category
ethereum
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Ethereum#Regulation

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Source: The Block

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