The SEC and CFTC are striving to implement the encryption regulation plan by the end of the year.

[The SEC and CFTC Strive to Implement Crypto Regulation Plans by Year's End] The chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, and the acting chair of the Commodity Futures Trading Commission (CFTC), Caroline Pham, stated that the two regulatory agencies are pushing to complete a milestone in cryptocurrency regulation by the end of the year. The CFTC plans to manage “Spot crypto trading and tokenization collateral” by year-end; the SEC is advancing “Project Crypto,” which aims to introduce an innovative regulatory exemption system. However, the ongoing government shutdown has limited the efficiency of both agencies. The White House previously suggested that the SEC should consider a crypto safe harbor and exemptions for securities issuance registration, while the CFTC has been authorized to regulate the non-securities digital asset spot market. Congress is also pushing for legislation to establish clear rules for the crypto industry, and the SEC hopes that the relevant bills can be signed into law by the end of the year to clarify market boundaries and coordinate regulatory actions.