The SEC and CFTC collaborate to end "enforcement-style regulation", aiming for the U.S. to become the global hub of crypto innovation. Officials from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) announced that the two agencies have entered a "new era of cooperation" to bring regulatory clarity to the crypto market. CFTC Acting Chair Caroline Pham stated that both parties are shifting from years of "enforcement-style regulation" to "coordination and unification." This joint effort aims to make the U.S. the global hub of crypto innovation and plans to introduce spot crypto trading on one of the futures exchanges by the end of the year, encouraging several crypto companies to return to the U.S. market for business expansion. CFTC launches "Crypto Sprint", targeting global crypto capital status. CFTC Acting Chair Caroline Pham revealed the agency's active plans to make the U.S. a global crypto capital in an interview. • Regulatory coordination: Pham emphasized that the joint effort aims for regulatory coordination and unification, rather than competition. • Spot trading implementation: The plan includes introducing spot trading on its affiliated futures exchange by the end of the year.