Though we’re still waiting on a lot of the formal rulemaking and proposed rulemaking from the federal securities and commodities regulators, last week’s memo is another sign that the SEC and CFTC are at least serious about signalling these efforts are coming.

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The narrative

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission formally agreed to work more closely together to explain how they’d oversee crypto and other issues.

Why it matters

The agencies continue to signal that their past regulatory turf war has ended, and laid out a an explanation of…