Acting CFTC Chair: The "turf war" with the SEC over crypto regulation has ended

Jinse Finance reported that Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced at a joint roundtable on September 29 that the "turf war" with the Securities and Exchange Commission (SEC) over cryptocurrency regulation has ended. She emphasized that the two agencies will work to establish a coordinated and unified regulatory framework to reduce market friction. SEC Chairman Paul Atkins simultaneously denied rumors of a merger between the two agencies, stating that the focus will be on policy coordination rather than institutional restructuring. The meeting brought together participants from Kraken, Robinhood, and several traditional financial institutions for discussion. This statement comes as the Clarity Act advances, which is expected to grant the CFTC broader regulatory authority over digital assets.