The SEC and CFTC join hands: State of Crypto
The SEC and CFTC signed an MOU to harmonize their regulatory approach to digital assets.Summary
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding (MOU) to coordinate their regulatory oversight of the digital asset sector, signaling an end to their previous turf war.
The agreement mandates regular joint meetings, data sharing, and coordination on rulemaking to clarify product definitions, such as whether a digital asset is a security or a commodity. SEC Chair Paul Atkins emphasized that harmonizing rules requires coordinating responses to firms seeking interpretation or exemptive relief. This effort aims to create a unified framework for areas like clearing, margin, trade data, and intermediaries, and may even involve the agencies moving into one office building.
Despite this regulatory alignment, the industry is still awaiting progress on the market structure bill working its way through the Senate, which Senate Majority Leader John Thune indicated would not pass before April due to legislative scheduling and other pending bills like the DHS funding measure and the SAVE Act.
(Source：CoinDesk)