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SEC and CFTC to boost coordination on crypto rules, reduce overlap, and support innovation.
SEC and CFTC chairs called for stronger coordination to reduce regulatory overlap, especially in digital assets and crypto markets, announcing joint efforts including a harmonization website and regular meetings.
They aim to streamline enforcement, clarify authority, and implement "substituted compliance" to avoid duplicative requirements.
CFTC Chair Michael Selig emphasized oversight of prediction markets, DeFi, and crypto derivatives, while pushing for clearer rules to support innovation and maintain U.S. leadership in crypto.
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SEC y CFTC para impulsar la coordinación sobre las reglas criptográficas, reducir la superposición y apoyar la innovación.