SEC and CFTC commit to work together on crypto policy and introduction of new products
The SEC and CFTC signed an MOU to coordinate crypto regulation and facilitate new digital asset product introductions.Summary
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have entered into a Memorandum of Understanding (MOU) to enhance coordination and collaboration. This agreement aims to support lawful innovation, maintain market integrity, and protect investors regarding digital assets. SEC Chairman Paul Atkins noted that past regulatory conflicts stifled innovation, and the new MOU signals a commitment to foster innovation and treat market participants respectfully. Specifically, the agencies plan to develop a federal policy framework for crypto assets and cooperate to remove obstacles to the lawful introduction of crypto asset products. CFTC Chairman Michael Selig emphasized that the MOU solidifies the commitment to harmonize regulatory frameworks for seamless financial market oversight.
(Source：The Block)