According to the source, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have pledged closer cooperation and harmonization on crypto and broader market oversight, signaling tighter alignment on supervision and enforcement that traders should track for headline risk and compliance changes (source: the source). According to SEC and CFTC cooperation frameworks, the agencies already maintain information-sharing and coordinated oversight under formal memoranda and joint workstreams, and expanded harmonization would streamline treatment of digital asset spot and derivatives markets, affecting exchange compliance, token classification, and market structure timelines (source: SEC.gov; CFTC.gov). According to prior CFTC congressional testimony and SEC public statements, the CFTC oversees crypto derivatives while the SEC asserts jurisdiction over many token offerings deemed securities, so interagency alignment can materially influence listings, leverage, and liquidity across U.S.-exposed crypto venues (source: CFTC.gov testimony; SEC.gov public statements).