US regulators unite efforts to develop the cryptocurrency market
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) - the two leading financial regulators in the United States - have signed a memorandum of understanding aimed at coordinating their actions in the regulation of cryptocurrencies and other financial markets.
According to the statement, the regulators will apply a 'minimum effective dose' regulatory strategy to simultaneously encourage innovation and maintain market integrity. This approach is intended to ensure the competitiveness of the US in the global financial market.
'The signing of this memorandum demonstrates the commitment of the SEC and CFTC to cooperate in order to create effective and transparent rules for the digital assets industry,' said SEC Chairman Gary Gensler.
Previously, the SEC and CFTC often competed for jurisdiction over various digital assets, such as cryptocurrencies and tokens. Now they will work together to clearly define the areas of responsibility of each regulator and avoid legal uncertainty for market participants.
This step is important for the further development of the cryptocurrency market in the United States. Coordinated actions by regulators will help reduce risks for investors and stimulate the inflow of institutional funds into this sector. In the long run, this will strengthen America's leadership in financial innovation.