Crypto regulation in the United States could see significant progress as the Securities and Exchange Commission and the Commodity Futures Trading Commission announced they would hold talks to implement the President’s policies on digital assets.
SEC, CFTC Plan Meeting to Advance Crypto Regulation
The US regulators said they will hold a joint event on January 27 to discuss harmonization for the two agencies. This is in a bid to progress on policies being introduced by President Trump and make the country the crypto capital of the world
CFTC Chairman Michael S. Selig also confirmed the partnership saying that the harmonization efforts will ensure innovation grows in America.
This development comes as crypto regulation has continued to stall for months. For instance, the crypto industry is still waiting for the Senate committees to advance the CLARITY Act.
The draft released by the Banking committee had caused an uproar among crypto firms with many criticizing its structure. This led to the markup being postponed. Meanwhile, the Senate Ag committee released a partisan draft as it prepares for its markup.
Notably, its markup date is the same day the SEC and CFTC hope to hold their talks on crypto regulation. Especially as the Senate Banking Committee has now shifted its focus from the CLARITY Act to other pressing matters on its table. Some are now projecting March as when the bill could move forward.
Traders Bet Against CLARITY Act Being Signed in 2026
According to Polymarket data, traders are beginning to bet against the bill being signed into law this year. The odds have now fallen by 24% from their previous high. This shows a lack of confidence due to the latest discrepancies.
Source: PolymarketThe crypto regulation has continued to remain in limbo with industry leaders also divided on its progress. Just recently, Charles Hoskinson, Cardano founder, slammed Ripple CEO Brad Garlinghouse for supporting the bill. Garlinghouse had claimed it was better to have the bad bill than no bill, and Hoskinson strongly disagreed.
Meanwhile, the White House has shown confidence that the CLARITY Act would be passed sooner or later. They also called on the key industry leaders and the government officials to sit and find a common ground on the lingering issue.
Source: https://coingape.com/u-s-crypto-regulation-advances-as-sec-and-cftc-announce-harmonization-talks/
