U.S. SEC chief Atkins said bond with sister agency CFTC to include joint meetings, exams
Summary
SEC Chairman Paul Atkins announced a formal memorandum of understanding between the SEC and the CFTC to enhance cooperation in regulating the U.S. crypto market. This collaboration aims to address past rivalries and create a “golden age of regulatory coherence” by coordinating responses to firms and harmonizing rules. Key initiatives include joint meetings on product applications, a new website for coordinated discussions, and coordinated regulatory examinations to avoid repetitive processes for firms. Atkins also expressed interest in establishing a clear path for “super-apps” that operate across both agencies' jurisdictions. This move signifies a shift towards a more unified approach to crypto oversight, following friendly crypto policies embraced by both agencies under the Trump administration.
(Source:CoinDesk)