SEC and CFTC launch "Project Crypto" to harmonize U.S. crypto rules; CFTC chairman directs multiple staff rulemakings At a joint event at CFTC headquarters, SEC Chairman Paul Atkins and CFTC Chairman Michael Selig announced Project Crypto, a coordinated SEC–CFTC initiative to harmonize regulation of crypto markets. Selig directed staff to withdraw a 2024 event-contracts proposal, draft new event-contracts rules, and begin rulewriting on tokenized collateral, perpetual contracts and retail leverage.

The SEC and CFTC have joined forces in a groundbreaking initiative, Project Crypto, to streamline regulations and unlock innovation in the digital asset space.

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