SEC and CFTC Signal Regulatory Alignment as Crypto Market Awaits Clear Rules
U.S. financial regulators are taking steps to harmonize their approach to cryptocurrency oversight. The Securities and Exchange Commission and Commodity Futures Trading Commission announced plans to coordinate their crypto asset regulations, acknowledging the current framework's inadequacies for digital assets.
SEC head Paul Atkins and CFTC chair Michael Selig will appear jointly next week to discuss regulatory alignment. The MOVE comes as market participants grapple with overlapping jurisdictions and conflicting rules designed for traditional finance.
Both agencies emphasized maintaining investor protections while adapting to the complexities of modern financial instruments. This coordination could pave the way for clearer federal guidelines governing digital assets.
