The Securities and Stock Exchange Committee (SEC) and the CFTC Futures Trading Committee (CFTC) is discussing cooperation in organizing the encryption sector.
The talks follow major leadership changes in both organizational bodies during the second era of Donald Trump as president.
SEC, CFTC join hands to regulate encryption
Eleanor Teret, Fox Correspondent Business, shared the news in a social media post on X (formerly Twitter).
“With digital assets becomes a top priority for organizers, SECGOV and CFTC are currently discussing the ways they can effectively cooperate in the #Crypto list,” mail Read.
According to Terrett, one of the suggestions under consideration is the re-charter to the CFTC-Sec Consulting Committee on emerging regulatory issues.
The committee was established in 2010 by then CFTC president Gary Ginsler and Chairman of the Board of Directors of SEC Mary Shapiro. He – she to treat Various topics, including Determine the emerging organizational risks, evaluate their impact, and understand their effects on investors and market participants. It also worked to align the organizational efforts between agencies.
“The goals of the committee and the scope of activities must be held in general meetings, and to submit reports and recommendations to CFTC and SEC. Other than that, to work as a tool for discussion and communication on regulatory issues of mutual interest and their impact on CFTC and SEC legal responsibilities,” Charter detailed.
The committee was originally established to work for two years, with the rulings of renewal. However, it became inactive in 2014. Caroline d.
“I am looking forward to the future, and I hope that CFTC and SEC will work next year to restore the Charter of the CFTC-Sec on emerging organizational issues, which have been sleeping over the past decade,” Fam He said At the GMAC meeting in November.
She emphasized that he would indicate a move towards a more cooperative organizational approach in the United States. It should be noted that this is not the first batch of a cooperative effort between SEC and CFTC.
Previously, Congress member John Rose presented the “Digital Assets Law for the Bridge.” The establishment of a joint advisory committee consisting of the private sector group consisting of 20 members
At the same time, this development comes at a time when organizational discussions on the digital asset market are gaining momentum. Last week, the Acting CFTC chair launched the CEO Forum. This has provided encryption companies an opportunity to actively contribute to the formation of Communition regulations.
Continuous discussions are in line with the broader regulatory transformations. President Trump Brian Quintns put forward as a candidate for the position of Chairman of CFTC. Quintns, who previously worked as a CFTC commissioner, is currently as A16Z World Policy President.
In addition, the president nominated Paul Atkins, a well -known encrypted currency lawyer, to lead the Supreme Education Council. Nowadays, Mark Oida is behaving as a president until the Senate confirmed Atkins.
With the leadership of the leaders who support the Krbuto, many of the skepticists in the market are optimistic about clearer guidance and more balanced organizational approach.
Disintegration
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