CFTC Teams Up with SEC for Agency’s Project Crypto

Regulators in Washington signaled a shift toward coordinated crypto oversight as the US CFTC said it would join the Securities and Exchange Commission’s ongoing Project Crypto initiative. In remarks prepared for an SEC-CFTC discussion on harmonizing digital asset regulation, CFTC Chair Michael Selig said the agency would partner with the SEC to articulate a clear taxonomy for crypto assets, define jurisdiction more precisely, and reduce duplicative compliance requirements that raise costs and confuse market participants. The move comes as Congress debates a digital asset market structure bill and as markets watch for clearer guidance on how different assets are regulated. This collaboration signals a practical step toward a more streamlined and predictable regulatory environment for innovative finance in the United States, with implications for traders, developers, and traditional financial institutions alike.

Key takeaways

The CFTC will align with the SEC on Project Crypto to establish a unified taxonomy for digital assets and reduce regulatory fragmentation across markets.

Officials argue that consolidating rules should lower barriers to entry, curb duplication, and deter regulatory arbitrage without sacrificing market integrity.

The remarks come as the Senate Agriculture Committee advanced a digital asset market structure bill, highlighting cross‑agency and cross‑branch momentum toward a formal framework.

Both agencies emphasize modernization to “future‑proof” US markets against tomorrow’s innovations while preserving core protections for investors.