U.S. Commodity Futures Trading Commission (CFTC) Commissioner Caroline Fan outlined a six-point roadmap for regulatory coordination between the U.S. Securities and Exchange Commission (SEC) and the CFTC, aimed at positioning the United States as the "world's cryptocurrency capital." Key proposals include: clarifying whether tokens are securities or commodities; updating rules to allow stablecoins as collateral; reducing regulatory friction for exchanges; establishing a regulatory framework aligned with cryptocurrency's actual needs; streamlining reporting processes; and coordinating regulatory efforts to eliminate duplicative investigations.