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SEC and CFTC Announce Joint Roundtable to Discuss Crypto Regulations
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are organizing a joint roundtable to enhance the regulatory environment for financial firms, including crypto businesses. Key details include:
- Roundtable to address prediction markets, decentralized finance, and 24/7 trading.
- SEC Chair Paul Atkins and Acting CFTC Chair Caroline Pham emphasize collaboration over jurisdictional disputes.
- Prior disagreements existed over classifications of crypto assets as securities or commodities.
- Atkins mentioned self-regulatory organizations (SROs) will handle most oversight for 24/7 trading markets.
- Both agencies aim to attract innovators back to the U.S. from overseas markets.
Pham indicated that current staffing levels at the CFTC are adequate for their regulatory responsibilities.
Authors credited by the source: Nikhilesh De; Jesse Hamilton
Published by Holder based on an external source.
