💣💣 Regulatory Crypto Race Begins.
• BTC trades at $114,763 with ETH above $3,671 amid coordinated regulatory initiatives by the CFTC and the SEC
• CFTC's "Crypto Sprint" and SEC's "Project Crypto" indicate unprecedented collaboration between agencies
• The National Security Council framework establishes clearer jurisdictional limits, reducing market uncertainty
Major Legislative Developments
• Senate committees advance bills to classify digital tokens as "complementary assets" (SEC oversight) and define crypto commodities (CFTC authority)
• Implementation of the GENIUS Act provides a regulatory framework for stablecoins, increasing institutional confidence
• Both agencies implementing technological upgrades: AI surveillance (SEC) and 24/7 trading protocols (CFTC)