SEC and CFTC sign memorandum to harmonize crypto oversight

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission signed a memorandum of understanding to work more closely on overseeing digital assets and other emerging technologies. The move is being presented as a step toward a combined regulatory approach and clearer guidance for the sector.

The agencies committed to holding joint meetings, sharing data and coordinating communications with market participants. "More than aligning our rules, a harmonized framework also demands coordinating our responses to the firms that operate within it, including those that have questions of interpretation or request exemptive relief," SEC Chair Paul Atkins said in prepared remarks.

The memo says the regulators will seek to clarify product definitions through joint interpretations and rulemakings and update frameworks covering clearing and margin, trade data and intermediaries.

United States

sec, cftc, mou, digital assets, product definitions, joint interpretations, clearing, margin, trade data, paul atkins