The SEC and CFTC's turf war is over and Wall Street bets on Bitcoin options.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

The SEC and CFTC held a joint roundtable yesterday on regulatory harmonization efforts.

It's been years since the two regulators

sat at the same table and the messages that came from the discussions are bullish. SEC Chair Paul Atkins

said that crypto is job one and the top priorities for both agencies to move forward in lockstep

on similar efforts to open the policy gates to crypto businesses.

CFTC acting chair Caroline Pham added to the optimism saying that it's a new day and the

turf war is over. The roundtable on regulatory harmonization resurfaced conversations on a

potential merger between the agencies, but Chair Atkins dismissed the speculation, calling it fanciful.

Nevertheless, the Monday discussion represented a wider cooperation between the two agencies.

Wall Street is betting on Bitcoin options through Black Rocks-Ishares Bitcoin Trust.

Ibit has surpassed Deribit as the largest venue for Bitcoin options, marking a shift in

crypto derivatives trading. Open interest in Ibit contracts

hit nearly $38 billion after Friday's expiry versus $32 billion on Deribit, which had

dominated the market since 2016. The flip comes less than a year after Ibit options went live

in November. The growth of Ibit highlights a move towards regulated markets with iBit and Derbit,

now controlling almost 90% of the Bitcoin options market. As of this morning, Bitcoin is

trading around $113,000, still struggling to break out from the recent 110,000 to 120,000 range. And Tradfai Giants are making major moves with blockchain to tackle cross-border payments.

Swift first announced that it is

adding a blockchain-based ledger, which will act as a real-time log of transactions between

financial institutions, records, sequencing, and validating transactions, and enforcing its

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