CFTC and SEC to Hold Joint Event on Harmonization, U.S. Financial Leadership in the Crypto Era

The SEC and CFTC chairmen, Paul Atkins and Mike Selig, discuss Project Crypto, a joint initiative to harmonize regulatory frameworks for crypto assets. They aim to modernize regulations, reduce fragmentation, and ensure America remains a leader in the global financial system. Atkins and Selig emphasize collaboration to address overlapping jurisdictions, promote competition, and provide clarity for investors. They highlight the importance of a clear crypto asset taxonomy and the potential of blockchain technologies to enhance market resilience. Both express commitment to working with Congress to enact legislation that guides and underpins their efforts, ensuring predictability and stability for the markets. The discussion also touches on the development of super apps and the need to balance innovation with investor protection.