On Thursday, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission announced a joint event aimed at highlighting their shared approach to crypto oversight. 

The timing matters. Both agencies now have Trump-appointed leaders, removing a key source of internal friction that has long plagued the industry.

This story is an excerpt from the Unchained Daily newsletter.

SEC Chair Paul Atkins and newly confirmed CFTC Chair Mike Selig will appear together next week to outline how they are coordinating policy under Donald Trump’s pro-crypto agenda. The two said markets have struggled with unclear and overlapping rules and that closer cooperation is meant to fix that.

The event comes as Congress continues to debate a broader crypto market structure bill that would formally define each agency’s role. While lawmakers argue over details, regulators appear eager to show progress on their own.

For the crypto industry, the message is subtle but important. The turf wars may not be fully over, but Washington is at least trying to speak with one voice.