US Watchdogs Submit Crypto, Prediction Markets Rule Plans For White House Review
US financial regulators, the SEC and CFTC, have submitted rule proposals to the White House for review, aiming to regulate crypto assets and prediction markets. The SEC’s proposal focuses on applying federal securities laws to crypto assets, potentially establishing a taxonomy for clearer classification and oversight. The CFTC also advanced a rulemaking notice for prediction markets, seeking to set clear standards. Both agencies are collaborating under "Project Crypto" to ensure coherent regulation, prevent market fragmentation, and encourage innovation within U.S. jurisdiction. Officials emphasized the need for clear rules to avoid driving markets offshore.
bitcoinist03/06 11:02
