The acting chairman of the U.S. CFTC said the "turf war" with the SEC is over and the agencies are seeking to cooperate in the crypto field.

On Monday, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham declared the "turf war" between the two agencies "over" at a roundtable jointly hosted by the CFTC and the SEC. This follows years of tussling over cryptocurrency market regulation, with former CFTC Chairman Rostin Behnam arguing that most digital assets are commodities, while former SEC Chairman Gary Gensler characterized most cryptocurrencies as securities.