CFTC and SEC Collaborate on Project Crypto for Cryptocurrency Reform

The CFTC and SEC unite in Project Crypto to revamp cryptocurrency regulations amid Congressional efforts on digital asset laws.

The Commodity Futures Trading Commission (CFTC) is partnering with the Securities and Exchange Commission (SEC) on an initiative known as “Project Crypto.” This collaborative effort is designed to update and modernize the regulatory framework surrounding cryptocurrencies.

As Congress continues to deliberate on legislation concerning digital assets, the CFTC and SEC's initiative seeks to proactively address the evolving landscape of cryptocurrency regulation. Both agencies recognize the urgent need for a comprehensive approach to govern this fast-growing sector effectively.