Quick Takeaways
- The SEC and CFTC are expected to cooperate more closely on crypto regulation in 2026.
- The SEC will focus on nominal taxonomy, immunity, and tokenization frameworks.
- Lawmakers aim to give the CFTC the confidence to regulate crypto markets.
Crypto regularization in the United States is expected to enter a decisive phase in 2026. The SEC and CFTC are changing over from competition toward coordination. Under the Trump administration, regulators are pursuing sweeping changes. Both delegacy and nowadays aim to bring clarity to digital asset markets.
Just twelve months ago, the relationship looked very different. The SEC and CFTC clashed over who should lead crypto oversight. That tension has eased, setting the microscope stage for a Modern regulative era. Manufacturing participants like a shot expect cooperation to form the next class’s agenda.
From Turf War to Regulatory Alignment
During the Biden administration, crypto regulation faced agency conflict. Former SEC Chair Gary Gensler argued most tokens were securities. At the same time, former CFTC Chair Rostin Behnam disagreed. He said most cryptocurrencies fell under commodity rules.
That disagreement created uncertainty for exchanges and builders. Many firms delayed launches or avoided U.S. markets entirely. In September, the CFTC signaled a clear shift. Its acting chair declared the turf war officially over.
Since then, both agencies issued joint guidance. They clarified that some spot crypto trading could proceed under oversight. The guidance also highlighted priorities like 24/7 markets. Perpetual contracts and decentralized finance were also included.
The SEC’s Ambitious Crypto Agenda
The SEC enters 2026 with a crowded policy calendar. Chair Paul Atkins has promised aggressive regulatory action. At a policy summit, Atkins said major changes were coming. He previewed efforts to modernize digital asset rules.
A central initiative is a formal token taxonomy. This framework would define which tokens qualify as securities. The SEC also launched “Project Crypto.” The program aims to update outdated rules for blockchain markets.
Another proposal is an innovation exemption. It would allow faster approval of compliant crypto products. The SEC already approved listing standards for select crypto ETFs. Funds tracking DOGE, SOL, and XRP launched after the change.
The agency also clarified staking rules. It stated that liquid staking falls outside securities laws.
Tokenization Moves to the Forefront
Tokenization is becoming a major SEC focus. It involves placing real-world assets on blockchains. These assets include equities, bonds, and funds. Supporters say tokenization improves settlement and access.
Critics warn of operational and disclosure risks. Regulators must assess what information truly matters to investors. Recent no-action relief suggests cautious progress. The SEC cleared limited tokenization pilots under strict conditions.
Industry leaders called the move a testing ground. It allows innovation without rewriting the rulebook overnight. The SEC’s approach appears measured rather than rushed. Broader tokenization rules may still take years to finalize.
The CFTC Steps Into a Bigger Role
While the SEC refines rules, the CFTC is gaining influence. Lawmakers increasingly view it as crypto’s primary regulator. The agency launched a “Crypto Sprint” this year. It focused on simplifying guidance and market access.
The CFTC also withdrew restrictive delivery rules. This move eased pathways for compliant crypto trading. Leadership changes add momentum. Michael Selig was confirmed as CFTC chair in December.
He steps in as Congress debates expanding CFTC authority. Several proposals would place crypto oversight under its control. Industry leaders see opportunity in this shift. They believe the CFTC could unlock market growth.
Bitcoin remains central to the strategy. It has long been classified as a commodity. A stronger bitcoin framework could boost confidence. Many believe other assets would follow its lead.
Staffing Gaps and the Road Ahead
Both agencies enter 2026 understaffed at the top. The SEC currently has three commissioners. The CFTC has only one sitting commissioner. Both agencies are meant to have five members.
Despite the gaps, policy work continues. The executive branch sets the overall direction. New appointments could improve execution speed. They may also bring political balance to decisions.
For now, the regulative message is clear. Coordination will replace confrontation. Crypto firms are watching closely. Clarity in 2026 could reshape the U. S. crypto market.