The long-running clash between U.S. financial regulators over crypto oversight may finally be ending. Acting CFTC Chair Caroline Pham declared, “the turf war is over,” during a joint roundtable with the SEC on Monday. Both agencies acknowledged past friction over whether digital assets fall under commodities or securities, a debate that has created uncertainty for investors and crypto firms alike.

Lawmakers in Washington are pushing forward the Clarity Act, a bill aimed at creating a clear market structure for digital assets. The legislation could grant the CFTC expanded authority, setting the stage for more streamlined oversight. Pham emphasized that while regulatory boundaries haven’t always been clear, the goal now is cooperation to avoid unnecessary confusion in the markets.

SEC Chair Paul Atkins dismissed speculation about merging the two regulators, stressing that their priority is “harmonization, not merger.” The roundtable included top industry players such as Kraken, Robinhood, Polymarket, J.P. Morgan, and Bank of America, signaling strong industry engagement in shaping crypto’s future.