“For the first time really ever…the SEC and CFTC are working closely together.” Citizens’s Devin Ryan says if Congress doesn’t pass crypto legislation, regulators will “close the gaps that are necessary” for adoption.

@CitizensBank @devinpryan Thats a great sign for global crypto adoption. ✌

@CitizensBank @devinpryan The SEC and CFTC are working closely together in an attempt to take over the cryptocurrency market.

Two agencies moving in step is nice optics, but agency coordination can get unwound by the next chair in a way statute can't. Rules from Congress survive an administration change, guidance from a cooperative SEC and CFTC doesn't. I'd take slower and legislated over fast and friendly right now

@CitizensBank @devinpryan Coordination helps, but legislation gives the industry lasting clarity.

@CitizensBank @devinpryan wow agencies speedrunning what congress couldn't do in years, cute

@CitizensBank @devinpryan Regulatory clarity has been the bottleneck for institutional allocation, not the tech. SEC-CFTC coordination is the actual unlock here.

@CitizensBank @devinpryan finally some coordination hope regulators will finally give us clarity

@CitizensBank @devinpryan the coordination is interesting here lets see if it actually leads to smoother adoption

@CitizensBank @devinpryan finally some coordination between these two, maybe we'll actually get clear rules instead of this guessing game

@CitizensBank @devinpryan When SEC and CFTC start 'working closely,' it usually means innovation is about to get a massive regulatory headache. Let's see if they actually fill the gaps or just create new ones.

@CitizensBank @devinpryan SEC和CFTC罕见联手确实是个信号，但国会拖一天，监管就多抢一步地盘，散户最后可能连合规门槛都摸不着

@CitizensBank @devinpryan E

@CitizensBank @devinpryan Closing gaps through rulemaking is not a DeFi framework, it’s enforcement by ambiguity

@CitizensBank @devinpryan scary how fast they coordinate when they want to kill an industry

@CitizensBank @devinpryan SEC and CFTC actually coordinating is a shift from the last few years

@CitizensBank @devinpryan This is the part that matters for everyday users. Agencies agreeing means platforms can build with confidence instead of guessing. That shows up as a simpler, steadier experience in the app.

@CitizensBank @devinpryan It's actually interesting to see them working together for the good of crypto, let's how it can increase adoption and what it means to the Clarity Act

@CitizensBank @devinpryan Regulators closing gaps through cooperation would help, but legislation still matters. Agency policy can change with each administration; a clear statutory framework gives businesses something more durable to build around.

@CitizensBank @devinpryan SEC和CFTC罕见联手确实是好事，但国会再拖下去，监管细则可能比立法先落地，到时候项目方更难受

@CitizensBank @devinpryan The senate is failing us.

For years, the gap between regulators was part of the fog. Now the SEC and CFTC are moving closer together. If Congress leaves the framework unfinished, regulators may try to fill the space themselves. That doesn't just change the rules. It changes who gets to shape the rails before the market fully arrives. So the deeper question is: Who is designing the system while everyone else is still debating whether it should exist?

@CitizensBank @devinpryan Coordination sounds nice, but so far it’s all talk and no action.