The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will hold a joint roundtable on Sept. 29 to advance regulatory coordination in the digital asset sector.
In a Sept. 5 joint statement, the agencies said fragmented oversight in the past had discouraged innovation and driven some crypto activity overseas. They stressed that harmonization is no longer optional, noting that a failure to coordinate has created uncertainty that hinders economic activity even when products are legally permissible.
SEC Chairman Paul Atkins and CFTC Acting Chairman Caroline Pham emphasized that harmonization can lower barriers, improve efficiency, and reaffirm US leadership in financial markets.
According to the financial regulatory chiefs:
“By working in lockstep, our two agencies can harness our nation’s unique regulatory structure into a source of strength for market participants, investors and all Americans.”
The event follows the President’s Working Group on Digital Asset Markets recommendations, which urged regulators to create a fit-for-purpose framework that supports innovation while protecting investors.
Key priorities
The Sept. 29 roundtable will examine measures to align US markets with the global, always-on economy.
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Author: Oluwapelumi Adejumo
