CFTC and SEC Seek Cooperation to Regulate Digital Assets Effectively

U.S. financial regulators, the CFTC and SEC, are enhancing discussions to clarify the regulatory landscape for digital assets, with a focus on cooperation. CFTC Commissioner Caroline Pham emphasized the need for predictable guidelines, while Rep. John Rose introduced the BRIDGE Digital Assets Act to establish a Joint Advisory Committee aimed at improving regulatory clarity. Critics argue that the SEC’s enforcement-heavy approach hinders innovation, highlighting the ongoing debate over the classification of cryptocurrencies as securities or commodities.

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