U.S. Closes in on Crypto Consensus Amid Plans for SEC & CFTC Collab
- The lack of a crypto regulatory framework is a major pain point for firms.
- The regulatory scene is in chaos as agencies like the SEC and the CFTC battle for dibs.
- Lawmakers are now looking to close the divide with an unprecedented partnership.
The lack of a crypto regulatory framework in the United States remains a concern for many, particularly as the U.S. Securities and Exchange Commission has ramped up its crypto enforcement efforts.
The situation may, however, be set to change as two key panels in Congress have announced collaboration plans.
SEC and CFTC Overseers to Work Together on Crypto
The U.S. House Committee on Financial Services and the House Committee on Agriculture have revealed plans to work together on crypto regulations, as reported by Roll Call on Tuesday,…