Overview
- The agencies issued a Sept. 5 joint statement committing to regulatory harmonization, naming priorities such as expanded trading hours, onshoring perpetual contracts, clearer rules for prediction markets, and exploring portfolio margining.
- The SEC and CFTC scheduled a public joint roundtable for Sept. 29 at SEC headquarters in Washington, D.C., with a live webcast to gather input on these proposals and alignment of reporting, capital and margin standards.
- A Sept. 2 joint staff statement said current law does not prohibit SEC- or CFTC-registered exchanges from facilitating certain leveraged, margined or financed spot retail commodity transactions in digital assets.
- Officials said they will consider “innovation exemptions” that could create safe harbors for DeFi and peer‑to‑peer trading under defined guardrails, while emphasizing investor protections.
- Separately, Senate Banking circulated an updated market‑structure draft that adds developer protections, clarifies bankruptcy treatment of digital assets, and directs an SEC–CFTC joint study on tokenization, with further committee action still required.