The acting chair of the Commodity Futures Trading Commission (CFTC), Caroline Pham, has announced that the CFTC and the US Securities and Exchange Commission (SEC) are working closely together on crypto-related matters. This confirms earlier reports that the two regulatory bodies were planning a joint effort to address crypto regulation in the US. The collaboration aims to revive the Joint Advisory Committee that was created in 2010 but has been inactive since 2014. Pham also mentioned that the CFTC is engaging with the White House's "Crypto Czar" and that the work has been going well. SEC Commissioner Hester Peirce, head of the regulator's Crypto Task Force, supported Pham's statements and emphasized the importance of public feedback in rulemaking efforts. The SEC Crypto Task Force has announced a series of public and online roundtables on crypto rulemaking, with the first session scheduled for March 21. These developments come amidst significant changes in the US crypto regulatory landscape, and the SEC has been ending lawsuits and investigations as part of its efforts to regulate the crypto industry.



Other News from Today