The SEC and CFTC are striving to implement the cryptocurrency regulatory plan by the end of the year

ChainCatcher News, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins and Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham stated that the two major regulatory agencies are pushing to complete a cryptocurrency regulatory milestone by the end of the year.

The CFTC plans to implement "spot crypto trading and tokenized collateral" management by the end of the year; the SEC is advancing "Project Crypto," which aims to introduce an innovative regulatory exemption system. However, the ongoing government shutdown has limited the efficiency of both agencies. The White House previously suggested that the SEC consider a crypto safe harbor and exemptions for securities issuance, while the CFTC has been authorized to regulate the spot market for non-security digital assets. Congress is also pushing for legislation to establish clear rules for the crypto industry, and the SEC hopes that the relevant bills can be signed into law by the end of the year to clarify market boundaries and coordinate regulatory actions.