The US Securities and Stock Exchange Commission (SEC) and the Commodity Futures Commission (CFTC) were uncertain due to years of different approaches on the control of crypto beings. This points to the regulatory problems faced by companies operating in the field of crypto assets.
Regulatory cooperation and approach
At a fintech symposium in Washington, CFTC executives revealed the will of joint work with SEC. It is aimed to make crypto asset control more effective and harmonious by clarifying the task areas of the two institutions.
Caroline Pham: The removal of the obstacle between the two institutions will strengthen crypto asset control.
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Under the name of Crypto Task Force, SEC is conducting meetings to determine which issues are out of their own jurisdiction. This initiative is considered an important step for the regulatory framework to become more structured.
Past Applications and Political Orientations
In the past, while the SEC evaluates most tokens as securities; CFTC intervened in crypto money markets with flexible editing application. Hester Peirce, one of the SEC members, supported this cooperation by stating that more transparent and open arrangements were needed.
Hester Peirce: Transparent arrangements may play an important role in reducing uncertainties in the market.
In the new process, where political tendencies are also effective, the wounds caused by the old administration are prioritized. For example, the closure of some important cases and the development of strict dialogue with sector representatives are the steps taken in this direction.
The upcoming White House Crypto Summit event stands out as a platform where large -scale talks will be held between sector representatives, investors and regulators. This step can be considered as a promising development to eliminate regulatory uncertainties, and hours remained.
Increasing the cooperation between regulatory institutions may contribute to the reduction of uncertainties encountered in the digital asset market. The net expectations of the relevant stakeholders may support the innovation -based development of the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
