# Сопутствующие статьи по теме SEC

Новостной центр HTX предлагает последние статьи и углубленный анализ по "SEC", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

U.S. Crypto Regulatory 'Civil War' Ceasefire: A Turning Point in the Decade-Long Power Struggle Between SEC and CFTC

For over a decade, the U.S. cryptocurrency industry has operated under regulatory uncertainty, with two key questions unresolved: what exactly are crypto assets, and which agency should regulate them? The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have long held overlapping and conflicting claims over crypto oversight, creating a "regulatory fog" that hindered innovation and pushed businesses to more predictable jurisdictions. Recently, signs of change have emerged. The SEC introduced a new classification framework in November 2025, categorizing digital assets into four types—digital commodities, digital collectibles, digital tools, and tokenized securities—acknowledging that not all crypto assets are securities. More significantly, the SEC and CFTC signed a Memorandum of Understanding (MOU) to enhance coordination in areas like crypto regulation, investor protection, and federal policy. Although non-binding, the MOU signals a move toward resolving jurisdictional conflicts and creating an "adaptive regulatory framework" tailored to digital assets. This shift is partly a response to global competition, as other financial centers develop clearer crypto regulations. Additionally, the growing integration of crypto with traditional finance—through stablecoins and real-world asset tokenization—demands a more structured regulatory approach. If successful, these efforts may lead to a unified federal framework, ending long-standing ambiguities and positioning the U.S. to better compete in the evolving digital financial landscape.

marsbit03/13 10:54

U.S. Crypto Regulatory 'Civil War' Ceasefire: A Turning Point in the Decade-Long Power Struggle Between SEC and CFTC

marsbit03/13 10:54

Trading Everything, Never Closing: RWA Perpetual Contracts — The Final Piece of DeFi Devouring Wall Street (Part 2)

This article explores the emergence and implications of Real World Asset (RWA) Perpetual Contracts (Perps) in DeFi, focusing on their potential to bridge traditional and decentralized finance. It analyzes key projects, contrasting two primary architectural models: the order book-based system, exemplified by Hyperliquid's HIP-3 ecosystem (e.g., Trade.xyz), and the oracle-priced liquidity pool model used by protocols like Ostium. The former prioritizes 24/7 market-driven pricing with oracles for risk management, while the latter favors accuracy and safety by pausing trading during market closures. A significant portion is dedicated to the regulatory landscape, particularly in the US. The analysis highlights the legal barrier of the "Shad-Johnson agreement," which subjects equity-based derivatives to dual SEC and CFTC jurisdiction, effectively blocking compliant retail single-stock perps. This creates a window of opportunity for offshore markets operating under Regulation S exemptions. The article proposes a symbiotic "CFD Broker + RWA Perps Dex" model for growth, where DeFi protocols act as back-end clearing engines for traditional brokers handling front-end compliance and user acquisition. Finally, it examines the external variable of traditional exchanges like NYSE planning their own 24/7 trading platforms. While this could erode DeFi's current monopoly on continuous trading and provide better underlying price feeds, it also forces DeFi to compete on different strengths like higher leverage, permissionless access, and superior capital efficiency. The conclusion posits that RWA Perps represent a fundamental restructuring of global leverage markets, evolving into a high-speed execution layer atop regulated traditional finance.

marsbit03/12 03:41

Trading Everything, Never Closing: RWA Perpetual Contracts — The Final Piece of DeFi Devouring Wall Street (Part 2)

marsbit03/12 03:41

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