PiCK
U.S. SEC and CFTC to hold joint roundtable on coordinating virtual asset regulation on the 29th
Summary
- The U.S. SEC and CFTC announced they will hold a joint roundtable on coordinating virtual asset regulation on the 29th.
- The meeting is expected to discuss simplifying data standards, expanding the definition of commodities, and plans to expand platforms for lawful trading of assets such as Bitcoin and Ethereum.
- The SEC and CFTC emphasized that the measures represent a positive step for promoting innovation and competition in the U.S. virtual asset market.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will hold a joint roundtable on coordinating virtual asset (cryptocurrency) regulation on the 29th (local time). The meeting will be broadcast live on the SEC's official website.
According to CoinCu, a virtual asset-focused media outlet, the two agencies said they arranged the roundtable as part of cooperation to promote market innovation and competition. The meeting is expected to discuss ways to simplify data standards, expand the definition of commodities, and plans to expand platforms that can legally trade major assets such as Bitcoin and Ethereum.
Paul Atkins (Paul Atkins), SEC Commissioner, said, "Today's joint statement is an important step to bring innovation back to the U.S. virtual asset market," adding, "Investors should be free to choose where to trade spot assets, and the SEC will work with the CFTC to ensure that regulation can support innovation and competition."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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