PANews reported on September 30th that, according to The Block, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham declared the "turf war" between the two agencies "over" at a roundtable jointly hosted by the CFTC and the SEC on Monday. This follows years of clashing over cryptocurrency market regulation, with former CFTC Chair Rostin Behnam arguing that most digital assets are commodities, while former SEC Chair Gary Gensler characterized most cryptocurrencies as securities.

Pham noted that because both agencies oversee related areas of the financial markets, the division of responsibilities is not always clear, leading to unnecessary friction and confusion for market participants. Despite rumors of a potential merger between the SEC and CFTC, SEC Chairman Paul Atkins denied the rumors, emphasizing that coordination and unification are key, stating that a merger is a decision for Congress and the president, and that empty talk of government restructuring would distract from significant opportunities. The roundtable, which will continue until Monday, will feature executives from Kalshi, Kraken, Polymarket, Robinhood Markets, Bank of America, and JPMorgan Chase.