The best way to regulate digital assets: Merge the SEC and CFTC

November 17, 2025, Opinion: "Now that President Trump has signed into law the GENIUS Act to regulate stablecoins—a crypto tokens whose value is pegged to the dollar—Congress is taking up crypto “market structure” legislation to regulate the issuance and trading of digital assets. Although the current proposals have some good features, they could do more harm than good. Instead, we should consider a different path—merging the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)."