To clarify, I've compiled global enforcement and policy activities regarding crypto, which are noteworthy given the CFTC's resurgence in the race to regulate digital assets.

Since 2024, with 33 actions taken, there has been a cooling down in other countries. However, at this time, crypto is once again generating excitement about a new generation of asset regulation.
While the SEC previously dominated US operations, the CFTC is now playing a more prominent role; in Q2/2026 alone, the CFTC took 10 actions compared to the SEC's 1, according to the chart.
-> The focus of crypto regulation in the US is gradually shifting towards commodities, derivatives, and market structure.
If this trend continues, the crypto market could enter a phase where regulation is no longer simply enforcement, but increasingly focuses on clearly defining which assets belong to securities, commodities, and which agency is responsible for supervision.