CFTC and SEC Promote Legal Framework, Driving Momentum for the Crypto Market

The leading regulatory agencies in the U.S. are coordinating efforts to create a clear legal environment for the cryptocurrency market. The Commodity Futures Trading Commission (#CFTC ) has just entered the next phase of the "Crypto Sprint" initiative, expanding the scope of discussions around crucial regulations. This move, along with similar efforts from the Securities and Exchange Commission (SEC), is an extremely positive signal for the entire industry.

Expanding Scope and Interagency Cooperation

After an initial phase focused on spot trading, CFTC's "Crypto Sprint" will now delve deeper into issues such as registration, custody, and record-keeping. Close coordination with the SEC is a major focus, especially as #SEC is also implementing the "Project Crypto" to modernize securities regulations for the on-chain market.

Signals from Leaders

CFTC Acting Chair Caroline Pham's statement regarding engagement with stakeholders shows that regulators are listening and seeking to build an appropriate legal framework. At the same time, comments from SEC Chair Paul Atkins that "very few tokens are considered securities" also help alleviate market concerns. He emphasizes the importance of protecting innovation and establishing reasonable regulations for the future of crypto.

The consensus and proactive actions from both CFTC and SEC create significant confidence, signaling a more stable legal environment is taking shape. This will help attract more institutional capital and promote the sustainable development of the cryptocurrency market. #anhbacong