The SEC and the CFTC are set to hold a roundtable on September 29, 2025, in Washington to align their positions on DeFi, perpetual contracts, and crypto products, with a live public broadcast.
Clear Schedule and Strong Ambitions
The two American financial regulators, the SEC and the CFTC, are gearing up for a decisive roundtable at the end of September. The goal is to bridge their stances on DeFi, perpetual contracts, and innovative crypto products—a crucial step for a market already worth billions but hindered by regulatory uncertainty.
Dans la mesure du possible et dans l’intérêt public, conformément aux lois en vigueur, nos agences respectives devraient envisager d’harmoniser les définitions des produits et des lieux de négociation, de rationaliser les normes en matière de reporting et de données, d’aligner les cadres réglementaires en matière de capital et de marge, et de mettre en place des exemptions coordonnées en matière d’innovation en utilisant les pouvoirs d’exemption existants de chaque agence.
The meeting will take place on Monday, September 29, 2025, from 7 pm to 11 pm (French time) in the heart of Washington. It will be open to the public and livestreamed on the SEC’s website. The detailed agenda and participant list will be revealed in the coming weeks.
On the agenda: 24/7 markets, perpetual contracts, decentralized finance, and potential innovation exemptions. The aim is not to disrupt existing laws but to harmonize product and platform definitions, simplify reporting standards, and align capital and margin rules.
An Unprecedented Signal to Market Players
Last Tuesday, the two agencies sent a strong message: no current law prevents a U.S.-registered exchange from listing and facilitating spot crypto trading. This significant turnaround paves the way for massive innovation in the U.S.
The regulators now directly invite market players to engage with their teams. A radical change in tone after years of tension and high-profile lawsuits against industry giants.
A Coordinated Strategy
“It’s a new day at the SEC and CFTC,” declared Paul Atkins, SEC Chairman, and Caroline Pham, CFTC Acting Chair. Their message: end regulatory cacophony and turn American duality into strength.
This roundtable is part of two parallel initiatives: Project Crypto at the SEC and Crypto Sprint at the CFTC. Both agencies also rely on recommendations from the President’s Working Group on Digital Assets, showcasing coordination beyond financial regulators.
What Comes Next?
In October, the Federal Reserve will host its own conference. This time, the debate will focus on stablecoin economic models and financial product tokenization. It’s safe to say that autumn promises to be busy for crypto regulation in the U.S.
For investors, the signal is twofold: Washington wants to maintain control while also providing clarity. This clarification could attract new capital to regulated crypto products and give a boost to the global market, with Bitcoin at the forefront.
