The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are accelerating crypto oversight initiatives, aiming to finalize key frameworks before the end of 2025 despite the ongoing government shutdown.
Acting CFTC Chair Caroline Pham said Tuesday that the agency is prioritizing “listed spot crypto trading and tokenized collateral” by year-end, aligning with the White House’s push to modernize digital asset regulation and market infrastructure.
SEC Chair Paul Atkins told CNBC that while the shutdown has slowed staff operations and delayed proposal development, the agency remains focused on rolling out reforms once government funding resumes.
Both regulators are advancing initiatives outlined in the White House’s summer report, which urged the creation of crypto-specific exemptions and spot market oversight authority.
For market participants, these parallel efforts signal a potential regulatory breakthrough that could reshape how digital assets are traded and classified heading into 2026.
