SEC and CFTC sign a Memorandum of Understanding, committing to collaborate on the development of a cryptocurrency asset regulatory framework

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Deep Tide TechFlow News, on March 12, according to The Block, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) officially signed a Memorandum of Understanding (MOU) on March 11, committing to strengthen coordination and cooperation in supporting legitimate innovation, maintaining market integrity, and protecting investors’ rights.

The two agencies stated that one of the cooperation focuses is to jointly develop federal policies to build “adaptive regulatory frameworks” for cryptocurrencies and other emerging technologies, and they pledged to coordinate efforts to promote the lawful introduction of crypto asset products and eliminate related barriers.

SEC Chairman Paul Atkins said that longstanding disputes over regulatory authority, duplicate registration requirements, and rule differences have suppressed innovation and caused market participants to shift to other jurisdictions. CFTC Chairman Michael Selig stated that this MOU aims to promote coordinated and unified regulatory frameworks between the two agencies to achieve comprehensive and seamless financial market regulation.

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