SEC and CFTC signal execution phase for crypto regulation at harmonization meeting
US financial regulators, the SEC and CFTC, have announced a shift from coordination to execution in crypto regulation. At a harmonization meeting, officials outlined plans to advance joint rulemaking using existing authority, without waiting for final legislation from Congress. A key initiative, "Project Crypto," aims to create a shared taxonomy for crypto assets, clarify jurisdictional boundaries, and reduce regulatory duplication and uncertainty. The CFTC stated that most crypto assets are not securities, marking a departure from past ambiguity. Planned rulemaking covers tokenized collateral, onshore crypto perpetual derivatives, retail leveraged trading, and treatment of software in DeFi. The goal is to provide regulatory clarity and reduce friction while maintaining market integrity.
ambcrypto01/29 20:04