SEC and CFTC Sign Joint Memo to End Decades of Regulatory Turf Wars

The SEC and CFTC have taken a major step towards regulatory harmonization by signing a joint memo aimed at ending decades of jurisdictional conflict in the crypto space. The agreement, which marks a significant shift in the agencies' approach to regulating emerging technologies, commits both parties to sharing data, coordinating oversight, and streamlining registration requirements.

According to the memo, the two agencies will adopt a 'minimum effective dose' approach to regulation, applying the lightest touch necessary to maintain market integrity. This means that regulations will be technology-neutral, focusing on outcomes rather than specific technical solutions.