According to Odaily Planet Daily, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), and Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), stated that the two major regulatory agencies are pushing for the completion of cryptocurrency regulatory milestones by the end of the year. The CFTC plans to implement the management of "spot crypto transactions and tokenized collateral" by the end of the year; the SEC is promoting "Project Crypto" and plans to introduce an innovative regulatory exemption system. However, the ongoing government shutdown has limited the efficiency of the two agencies. The White House previously proposed that the SEC should consider crypto safe harbors and securities issuance registration exemptions, while the CFTC is authorized to regulate the spot market for non-securities digital assets. Congress is also promoting legislation to establish clear rules for the crypto industry. The SEC hopes that the relevant bill can be signed and take effect before the end of the year to clarify market boundaries and coordinate regulatory actions.