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SEC and CFTC Strike Agreement to Coordinate Crypto Oversight and Market Regulation

SEC and CFTC Strike Agreement to Coordinate Crypto Oversight and Market Regulation

U.S. financial regulators are taking a significant step toward coordinated oversight of digital assets and other emerging financial technologies. The Securities and Exchange Commission and the Commodity Futures Trading Commission announced a new memorandum of understanding (MOU) designed to harmonize how the two agencies regulate overlapping areas of financial markets, including the fast-growing crypto sector.

The agreement reflects a long-awaited effort to reduce regulatory conflicts between the two agencies, whose jurisdictions frequently intersect. Historically, the SEC oversees securities markets while the CFTC regulates derivatives markets such as futures and commodities trading. But digital assets and crypto trading platforms…

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