On October 23, according to 4E observation, Securities and Exchange Commission (SEC) Chairman Paul Atkins and Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham stated that the two major regulatory agencies are striving to complete a milestone in cryptocurrency regulation by the end of the year. CFTC is focusing on the management of "spot cryptocurrency trading and tokenized collateral," while SEC is advancing the "Project Crypto" plan and proposing an innovative regulatory exemption system. Some regulatory processes are limited by the government shutdown. The White House previously suggested that SEC research safe harbors and registration exemptions, CFTC was authorized to regulate non-securities digital asset spot markets, and Congress is also pushing legislation to clarify regulatory boundaries.
