
Rewriting the Rules: The SEC & CFTC on Crypto, IPOs & the Future of American Markets
Key Takeaways
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The US is going on a deregulation spree to fix the IPO drought -- the incoming SEC and CFTC leadership are prioritizing the removal of 'death by a thousand cuts' rules that have kept private companies from going public for far too long.
“The top priorities across both agencies involve fixing the IPO drought, providing crypto clarity, and cutting unnecessary rules that have hindered American market growth.”
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Crypto's regulatory turf war is finally coming to an end -- instead of the SEC and CFTC fighting for control, the agencies are moving toward a unified framework that provides clear rules for digital assets and prediction markets.
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Accreditation rules are getting a 21st-century facelift -- a major priority for 2026 is rewriting the rules so that everyday investors, not just the ultra-wealthy, can get a piece of high-growth VC and private equity deals.
“The top priorities across both agencies involve fixing the IPO drought, providing crypto clarity, and cutting unnecessary rules that have hindered American market growth.”
Episode Description
(0:00) Jason and Chamath welcome SEC's Paul Atkins and CFTC's Michael Selig (0:53) Atkins on how US markets have changed over his 40 year career (3:04) Top priorities across both agencies: Fixing the IPO drought, crypto regulation, cutting unnecessary rules (8:16) AI trading bots, autonomous hedge funds, and investing with leverage (15:30) Ending the "Turf War" between the SEC and CFTC, super app vision (19:15) Prediction markets, insider trading, gray area (26:56) Trump advocates for changing quarterly earnings to bi-annual (30:30) Changing the accreditation rules a priority for 2026 (34:56) HFT firms that dominate the futures markets, swap reporting (40:36) VC fund formation (46:18) US markets vs the world, crypto classification (52:54) Biggest risks: Market manipulation, crypto scams, and the Gen Z gambling crisis SEC Chair Paul Atkins: https://x.com/SECPaulSAtkins CFTC Chair Michael Selig: https://x.com/ChairmanSelig Follow the besties: https://x.com/chamath (https://x.com/chamath) https://x.com/Jason (https://x.com/Jason) https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl (https://rb.gy/tppkzl) https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect