30th September, 2025

The long-standing rivalry between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) is said to have ended with the CFTC chair suggesting ‘the turf war is over’.
CFTC acting chair Caroline Pham told a joint roundtable on regulatory harmonisation efforts that, while the regulatory lanes weren’t always clear, the two agencies will now work together for the mutual benefit of the financial markets.
At the same event, SEC chairman Paul Atkins said on Monday the focus is on collaboration between the US market regulators, adding that combining the two agencies will ultimately be decided by Congress.
“The era of regulatory fragmentation is ending. The age of harmonised, innovation-friendly oversight is here,” Atkins said.
Together, both agencies can offer investor protection, along with financial innovation, Atkins added.
The acting CFTC chair said she would ‘dispel some of the FUD (fear, uncertainty, and doubt)’ regarding CFTC’s operations on crypto.
Futures Industry Association president and CEO Walt Lukken said that failures to harmonise regulations across these two agencies in the past have resulted in impractical and unstable regulatory structures, most notably in the case of single stock futures.
Lukken also said clear lines between jurisdictions and the avoidance of overlapping regulation will provide regulatory certainty and accountability.
21st August, 2026
The chief executive of DRW has backed the categorisation of perpetual derivatives as futures under US rules, as the debate about onshoring the market intensifies.
Radi Khasawneh

21st August, 2026
The heads of Cboe Global Markets and CME Group pointed to inconsistencies in the ways the Commodity Futures Trading Commission (CFTC) has used its fast-track system, fuelling the growth prediction and perpetual futures markets in the US.
Radi Khasawneh

21st August, 2026
The Securities and Exchange Board of India (SEBI) said 87.7% of individual traders continued to incur losses in the equity derivatives segment during FY26, while average loss per trader increased marginally to about ₹117,000 (£894) during FY26.
Aravind Bulusu
