Crypto regulation in 2026: SEC’s ambitious agenda meets a more empowered CFTC

Regulatory oversight of cryptocurrency in 2026 is expected to be defined by increased cooperation between the SEC and the CFTC, moving past previous turf wars. The SEC, under Chair Paul Atkins, has an ambitious agenda including developing a "token taxonomy," launching "Project Crypto" to update rules, and pushing an "innovation exemption." The agency has recently approved ETF listing standards for certain crypto assets and issued guidance clarifying that liquid staking is outside securities laws.

Meanwhile, the CFTC is stepping into a more prominent role, having concluded its "Crypto Sprint" and withdrawn guidance on asset delivery, setting frameworks for exchanges to list regulator-approved spot crypto products. New CFTC Chair Michael Selig is taking the helm as lawmakers look to position the agency at the forefront of crypto regulation, with some experts believing the CFTC has the power to "open the floodgates."

Both agencies face challenges, including commissioner vacancies that could affect execution, though strategic direction is expected to remain consistent with the executive branch's goals. Experts also note complexities around tokenization, which the SEC is prioritizing, requiring regulators to bridge the gap between securities expertise and technical science.

(Source：The Block)