US securities and commodities regulators launch joint crypto initiative
The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission announced a joint initiative to coordinate efforts on digital assets, according to Reuters. The two commissions will work together to issue guidance about the “listing of leveraged, margined, or financed spot retail commodity transactions on digital assets,” the agencies said in a release.
The SEC has also announced a rulemaking agenda for the upcoming months, which involves broad proposals to revamp cryptocurrency regulations, and reduce rules that the Wall Street believes to be “overly burdensome.” The SEC outlined several initiatives to overhaul cryptocurrency policies. This included proposing rules about the offer…
