CFTC Commissioner Caroline Pham announced the conclusion of the longstanding 'turf war' between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Speaking at a joint roundtable on October 1, 2025, Pham highlighted the need for regulatory harmonization and collaboration to bolster American financial markets and innovation. SEC Chairman Paul Atkins, who also attended the event, described the meeting as a 'turning point' in U.S. financial history, signaling a new era of cooperation between the two regulatory bodies. This development is expected to enhance the regulatory framework governing financial markets in the United States.