US Regulators Push for Comprehensive Crypto Regulation and Trading Opportunities
In a significant move to enhance the regulatory landscape for cryptocurrencies, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced a joint initiative aimed at revamping crypto policies and easing regulations for Wall Street firms. The SEC has revealed its new agenda, highlighting a focus on providing regulatory clarity for crypto assets as a key priority, with proposals that include creating safe harbors for crypto assets and reforming broker-dealer rules. Additionally, both agencies have received the go-ahead to facilitate spot trading of major cryptocurrencies such as Bitcoin and Ethereum on registered exchanges, which could pave the way for mainstream adoption. This collaborative effort marks a shift away from previous courtroom battles towards a more predictable regulatory environment for the crypto market, as exchanges prepare to offer new trading options to investors.
SEC.gov, CNBC, Reuters, Yahoo Finance, CoinDesk, PYMNTS.com, The Block, Cointelegraph, The Defiant, Blockworks