The SEC and CFTC have taken a major step towards streamlining regulation of digital assets, signing a memorandum that outlines a joint oversight framework.
Under the agreement, the two agencies will hold regular meetings to share data and coordinate responses to firms operating in the digital asset market. This marks a shift away from the regulatory fragmentation that has defined US crypto oversight in recent years.
The SEC and CFTC have traditionally had differing views on how digital assets should be classified, with some viewed as securities subject to SEC regulation and others seen as commodities under CFTC jurisdiction.