SEC–CFTC coordination marks turning point for US crypto markets

US financial regulators are moving towards coordinated oversight of digital asset markets as Congress advances long-awaited crypto market structure legislation.

The Securities and Exchange Commission and the Commodity Futures Trading Commission have launched a joint effort known as Project Crypto to align regulatory standards.

The initiative aims to end fragmented supervision that has created uncertainty for investors, firms, and innovators operating in US crypto markets.

The collaboration comes as bipartisan momentum in Congress brings comprehensive crypto legislation closer to becoming law.

Speaking at the CFTC headquarters, Paul S. Atkins said Congress is nearing a historic decision on market structure reform.

"Of course, as we speak, Congress has never been closer to sending bipartisan market structure legislation to President Trump’s desk. A federal framework for markets that have surged ahead with speed and ingenuity is long overdue. But legislation alone cannot deliver the certainty that investors and market participants deserve,"

Paul S. Atkins said.