Acting CFTC Chair Caroline Pham, who is currently the agency’s only serving commissioner following a wave of departures in 2025, emphasized the importance of cooperation between regulators.
In her opening remarks, she argued that working together could reshape the regulatory environment for digital asset firms. SEC Chair Paul Atkins echoed the need for collaboration
, stressing that the initiative was about “coordination, not consolidation.” He clarified there were no plans to merge the two agencies, noting that such a move would require approval from Congress and the President.Pham Pushes Back Against Industry “FUD”
Pham also sought to dismiss fears about the CFTC’s ability to regulate crypto markets effectively. She revealed that since assuming the chair in January, the agency had taken 18 non-enforcement actions and 13 enforcement actions up to September 3, including several involving digital assets. Since then, she reported an additional 14 actions.
“I think you will see that the CFTC is alive and well, and there needs to be no more FUD about what’s going on on the other side of town,” Pham told participants.
Panels at the event featured industry executives from major exchanges, including Kraken and Crypto.com. While Pham was the only sitting CFTC member present, the discussion was moderated by former leaders J. Christopher Giancarlo and Jill Sommers, adding institutional weight to the proceedings.
Political Uncertainty Clouds CFTC Leadership Transition
The timing of the roundtable coincided with the looming threat of a government shutdown, which could freeze progress on a Senate market structure bill aimed at clarifying the regulatory roles of the SEC and CFTC in overseeing digital assets.
Leadership uncertainty at the CFTC also remains unresolved. Although former commissioner Brian Quintenz was nominated by President Trump to lead the agency, his confirmation vote was postponed at the White House’s request.
Reports suggested Gemini co-founders Cameron and Tyler Winklevoss influenced the delay, seeking assurances on enforcement matters. Quintenz later published text exchanges with the twins, highlighting their involvement.
As of Monday, the Senate had not scheduled a confirmation hearing, and speculation has grown that alternative candidates may be under consideration.
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Author: coinmaker