The staff at the Commodity Futures Trading Commission are involved in counterparts with the US Securities and Exchange Commission on digital assets.
This revealed that CFTC and SEC staff are discussing further interagency collaborations on issues of digital assets and related topics, according to CFTC Acting Caroline Fam.
Fox Business Reporter Eleanor Terrett shared Pham's comments about the ongoing discussion via X's post.
Although the CFTC and SEC have worked together previously, Pham believes that two regulatory watchdogs can take this to the next level. It's for the benefit of the people and the market, she said.
“We've resumed the conversation at the staff level between the CFTC and the SEC. We'd like to work together. We've worked well in the past, but we look forward to returning to regular orders,” she said.
Staff-level conversations take place in the future of the Milken Institute's Fintech Symposium in Washington, DC
Hesterpearth, the SEC Commissioner who leads the agency's recently formed cryptographic task force, also commented on the discussion.
Hester's pro-cryptic stance emerged as one of the voices that consistently opposed “enforcement regulations” that influenced US crypto innovation and growth under former SEC chairman Gary Gensler.
In her comments on the talk of CFTC and SEC staff, she focuses on the important role that public participation plays in rulemaking.
Keys also run in terms of President Donald Trump's crypto-working group's efforts to clarify the regulatory landscape. Previously there was a proposal for joint CFTC-SEC monitoring of cryptographic information.
“It's important to know what's not and not… Cryptoworking groups have begun to identify what's within the SEC's jurisdiction and what's not. It's essential to involve the public in the rules-making debate, and those affected by the rules should have the right to participate in rules-making,” Peirce added.
Trump appointed Pham as acting CFTC Chairman and acting SEC Chairman in January. Weda named him Hester Perth and then chaired the Crypto Task Force.
Staff-level involvement of the two agencies is expected to hold its first Crypto Summit on Friday, March 7, 2025, when Trump's comments about the US White House Crypto Strategic Reserve.
