The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) recently reached a landmark agreement to formalize their cooperation on multiple joint projects, including crypto-asset policy. This move marks the official end of a years-long jurisdictional dispute between the two key U.S. market regulators, and they will implement coordinated and unified supervision of the encryption market in the future.
According to the latest memorandum of understanding (MOU) signed by both parties, the SEC and CFTC will achieve in-depth sharing of resources and information in subsequent regulatory work to ensure consistent policy formulation. A more groundbreaking move is that for those companies whose business scope spans the jurisdictions of both agencies, the two parties will also hold unprecedented joint meetings to review and communicate together.
For a long time, the SEC and CFTC have had clear differences on whether crypto assets should be classified as "securities" or "commodities." This regulatory overlap and blurred lines have resulted in the U.S. crypto industry facing complex and often conflicting compliance pressures over the past few years. As the two institutions finally choose to put aside their disputes and make peace, the crypto market is expected to escape long-term policy uncertainty.
Industry analysts pointed out that this joint supervision agreement will not only help eliminate market concerns about "multiple supervision", but will also greatly improve the efficiency of the supervision of digital assets at the U.S. federal level. In the future, with the effective integration of the regulatory resources of the two major agencies, the United States will be more consistent in its rules-making and law enforcement actions in the encryption industry, thereby providing clearer rules and guidance for the development of encryption companies and the protection of the rights and interests of investors.