Key Notes

Key Notes:

The SEC and CFTC are reportedly exploring joint efforts to regulate crypto markets.A revival of the dormant CFTC-SEC Joint Advisory Committee is under discussion.The crypto market cap surged 1% to $3.18 trillion amid regulatory talks.

The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly discussing ways to collaborate on crypto regulation. The talks, revealed by Fox Business journalist Eleanor Terrett, suggest a potential revival of the CFTC-SEC Joint Advisory Committee — a body established in 2010 but inactive since 2014.

The committee, originally formed to facilitate regulatory discussions, could serve as a crucial bridge between the two agencies. CFTC Acting Chair Caroline D. Pham has previously advocated for its revival, arguing that a cooperative approach to crypto regulation is essential for market stability and investor protection.

The timing of these discussions aligns with broader changes in US financial oversight. With Mark T. Uyeda serving as the acting SEC chairman following Gary Gensler’s departure and Paul Atkins nominated to take over, the crypto community expects a regulatory shift. Atkins, known for his pro-crypto stance, could champion a more industry-friendly approach. Meanwhile, Brian Quintenz, the Global Head of Policy at a16z, has been confirmed as the new chair of the CFTC.

While many in the crypto community welcome this regulatory collaboration, others remain skeptical, fearing increased bureaucracy and potential overreach. Some investors on X argued that merging regulatory efforts could hinder innovation, while others see it as a necessary step toward a clearer framework.

In a separate legal move, the SEC and Binance have jointly requested a 60-day suspension of their ongoing lawsuit. This pause has fueled speculation that other high-profile crypto cases, including those involving Ripple, Coinbase, and Kraken, could see similar delays.

Some analysts believe the pause could indicate a shift in enforcement priorities, especially given the leadership transition at the SEC. However, others suspect it may be a tactical move, buying time for the agency to refine its legal strategy.

Meanwhile, the total crypto market capitalization has risen by 1%, reaching $3.18 trillion on Thursday. The Crypto Fear and Greed index has also seen an uptick, moving from a “fear: zone to a “neutral” zone at 50.

Bitcoin is trading at around $96,100, marking a 0.3% increase over the past 24 hours. CoinMarketCap’s altcoin season index, which tracks the performance of the top 100 altcoins relative to Bitcoin over the past 90 days, currently sits at 44, signaling that investors still have to wait for a sustained altcoin rally.

Crypto-based exchange-traded funds (ETFs) are also gaining traction amid the ongoing regulatory shift. Many financial giants have proposed their digital asset ETFs with the SEC, particularly those focused on altcoins like XRP, Solana (SOL), and Litecoin (LTC).

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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Julia Sakovich on X