The Commodity Futures Trading Commission (CFTC) will partner with the Securities and Exchange Commission (SEC) on Project Crypto to clarify regulations for digital assets, aiming to reduce regulatory fragmentation and compliance costs. CFTC chair Selig emphasized the need for regulatory alignment to foster innovation and cooperation in the crypto market.

The Senate Agriculture Committee voted to advance a bill establishing a digital asset market structure framework, prompting discussions on the roles of the SEC and CFTC in crypto regulation. Despite attempts to require a minimum number of CFTC commissioners for bill implementation, the amendment failed along party lines, raising concerns about agency leadership under Selig.

Selig took office as CFTC chair amidst staff departures in 2025, leaving the agency understaffed. With no additional commissioner nominations announced by President Trump, questions arise about the agency’s capacity to oversee the evolving digital asset market. The bill’s progress and regulatory challenges highlight the need for regulatory collaboration and effective leadership in the crypto space.

Read more at cointelegraph.com: US CFTC to Partner with SEC on Agency’s ‘Project Crypto‘