SEC, CFTC end years of rivalry with deal that will mean combined crypto oversight
The SEC and CFTC signed an MOU to coordinate oversight, aiming to create a unified regulatory framework for crypto assets.Summary
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have formalized an agreement through a memorandum of understanding (MOU) to merge overlapping areas of their operations, with coordinated oversight of the crypto sector being a primary goal. The agreement focuses on combining supervision, product approvals, policy interpretations, and coordinating enforcement actions, which historically led to firms facing similar accusations from both agencies independently. SEC Chairman Paul Atkins stated that this alignment, which includes sharing data and coordinating on enforcement strategy, will end years of regulatory turf wars and stifled innovation. The current leadership at both agencies, appointed by President Donald Trump, shares an enthusiasm for creating a clear, fit-for-purpose regulatory framework for crypto assets and emerging technologies.
(Source：CoinDesk)