US Regulators Advance Plans to Regulate Cryptocurrency and Prediction Markets

The SEC and CFTC have made a crucial step towards regulating the rapidly growing cryptocurrency and prediction market sectors.

After months of public statements by regulators and Congressional debate, the two agencies have submitted their plans to the White House, marking one of the most significant moves by Trump administration's market regulators so far.

While details are still scarce, this development is expected to have a lasting impact on the financial markets. The SEC oversees the US stock market, while the CFTC regulates derivatives trading.