The Securities and Exchange Commission and Commodity Futures Trading Commission have launched a comprehensive "Harmonization Initiative" to eliminate duplicative and conflicting regulatory requirements in the digital assets space. The initiative focuses on providing clear guidance on jurisdictional boundaries and developing a unified taxonomy for digital assets. Agency leaders have indicated that 2026 will see significant work on outlining clear classifications for digital assets to reduce regulatory ambiguity. The SEC is specifically focusing on developing frameworks for tokenized securities oversight, while both agencies work to streamline their approaches to crypto regulation. This collaborative effort represents a major shift from previous inter-agency conflicts over crypto jurisdiction.