ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
ICP Zero-Fee Gala
US market regulators pledged closer coordination on crypto oversight, aiming to harmonise definitions and reduce regulatory friction. The post SEC and CFTC SignalUS market regulators pledged closer coordination on crypto oversight, aiming to harmonise definitions and reduce regulatory friction. The post SEC and CFTC Signal

SEC and CFTC Signal United Front on Crypto Oversight as Jurisdiction Lines Take Shape

Author: Cryptonews AUSource: Cryptonews AU
2026/01/30 15:05
  • SEC and CFTC leaders signalled a unified approach to crypto regulation despite stalled congressional legislation.
  • CFTC Chair Mike Selig outlined early priorities, including digital asset definitions and prediction market rulemaking.
  • Project Crypto will serve as a joint framework to harmonise oversight and reduce regulatory fragmentation.

Leaders of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) appeared together on Thursday to signal a coordinated approach to digital asset oversight as legislative progress in Congress remains slow. The joint appearance underscored a shared commitment to clarifying regulatory boundaries for crypto markets through agency action rather than waiting on statutory reform.

CFTC Chair Mike Selig, confirmed by the Senate last month, used the event to outline an agenda that places crypto regulation among the agency’s immediate priorities. Selig said the CFTC is advancing work to define digital assets and to develop a regulatory framework for prediction markets, marking one of his first public policy statements as chair.

Related: SEC Drops Gemini Earn Case After Investors Made Whole

Project Crypto Targets Regulatory Fragmentation

Central to that effort is the CFTC’s decision to partner with the SEC on “Project Crypto,” a joint initiative designed to harmonise definitions and oversight across agencies. Selig said he has directed staff to collaborate with the SEC on jointly codifying a proposed crypto asset taxonomy as an interim step while Congress continues its legislative process.

SEC Chair Paul Atkins said the initiative reflects the reality that modern financial markets no longer fit neatly into legacy regulatory silos. Atkins added that fragmented oversight creates confusion rather than protection for market participants operating across integrated platforms.

Both agencies framed Project Crypto as a response to on-chain market structures that combine trading, clearing, settlement and custody into unified systems. The initiative aims to align definitions, coordinate supervision and reduce duplicative requirements that regulators say hinder innovation and risk management.

Selig also confirmed that the CFTC will pursue new rulemaking for event contracts, signalling a shift in the agency’s long-standing approach to prediction markets. He said existing frameworks have failed to provide clarity and that new standards are intended to deliver certainty for market participants.

Related: Australian Court Slams Qoin Wallet Operator With $14M Penalty for Unlicensed and Misleading Crypto Conduct

The post SEC and CFTC Signal United Front on Crypto Oversight as Jurisdiction Lines Take Shape appeared first on Crypto News Australia.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
This is How Dogecoin Holders Responded After the Market Crash

This is How Dogecoin Holders Responded After the Market Crash

The post This is How Dogecoin Holders Responded After the Market Crash appeared on BitcoinEthereumNews.com. Dogecoin price dropped sharply over the past several
Share
BitcoinEthereumNews2026/02/02 03:58
Shiba Inu Price Prediction: How High Can SHIB Go by the End of 2026?

Shiba Inu Price Prediction: How High Can SHIB Go by the End of 2026?

Shiba Inu is back in the conversation, and the talk isn’t all about the recent price action. After the broader market took a hit, the SHIB price slid from around
Share
Captainaltcoin2026/02/02 04:30