SEC and CFTC Chairs Signal New U.S. Crypto Framework as Senate Debates Market Structure Bill

In a CNBC appearance ahead of a joint public event in Washington, SEC Chair Paul Atkins and CFTC Chair Mike Selig said U.S. crypto oversight is nearing a turning point after years of jurisdictional uncertainty. They indicated that pending Senate legislation, including work in the Agriculture and Banking Committees, would clarify the agencies' roles, narrow the SEC's focus to securities issues and expand the CFTC's authority over crypto spot markets while addressing questions around stablecoins and retirement accounts.