SEC to team up with other agencies to develop crypto regulation rules
Commission Сhair Gary Gensler said that he is working on a “memorandum of understanding” with the CFTC
24.06.2022 - 08:55
445
1 min
0
What’s new? US Securities and Exchange Commission (SEC) Chair Gary Gensler has invited other financial agencies to join forces to develop comprehensive rules for regulating the field of digital assets. He said he is working on a “memorandum of understanding” with the Commodity Futures Trading Commission (CFTC), the Financial Times reports. The SEC plans to share information on registered tokens and other digital assets with “allied” regulators.
Material of the Financial Times
Crypto regulation in the United States. US regulators have received $3,35 billion in fines related to digital assets since the advent of bitcoin in 2008, according to government data compiled by UK-based analytics company Elliptic. The SEC accounts for more than 70% of the payments.
In early June, Senators Cynthia Lummis and Kirsten Gillibrand introduced a bill to bring digital assets into the US financial system. Lawmakers plan to make the CFTC the main regulator of the crypto market. However, the SEC chief earlier said that most crypto assets fit the definition of securities and should therefore be regulated by his agency. He also criticized the Senators’ bill, stating that the measures it proposes would undermine investor protections in the traditional financial market.
Useful material?
Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025