Kraken, Crypto.com execs to attend SEC-CFTC ‘harmonization’ event
News Summary
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will host a roundtable next week to discuss
Background
U.S. cryptocurrency regulation has long been characterized by ambiguity, with both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) asserting jurisdiction from securities and commodities perspectives, leading to overlapping responsibilities and uncertainty. This lack of regulatory clarity has historically hindered the growth and innovation of the crypto market in the U.S. Following President Donald Trump's re-election and return to office in January 2025, there has been a notable shift in the administration's stance towards cryptocurrencies, promoting policies more favorable to the industry. Congress is also actively working on legislation, such as the CLARITY Act passed by the House, to establish a clear regulatory framework for digital assets, defining the roles of the SEC and CFTC.
In-Depth AI Insights
What are the true strategic intentions behind this regulatory harmonization under the Trump administration? Under the Trump administration, the ostensible