SEC and CFTC new joint encryption initiative – what you need to know star-news.press/wp

On Tuesday, the US Securities and Stock Exchange Committee (SEC) and the CFTC Futures Trading Committee (CFTC) issued an important joint statement showing the organizational scene of immediate encryption products.

Class trading regulations

the statement It stems from a cooperative initiative between the SEC trading department and the CFTC sections of overseeing the market, limited and risk as part of the Crypto Project Project and CFTC CRYPTO SPRINT, which aims to simplify the circulation of specific encrypted asset products.

Cooperation is in line with recommendations from the president’s working group in the digital asset markets, which call for coordination Organizational approach To ensure that the United States remains a leader in innovation and encryption markets.

The key to this initiative is to recognize that the current laws do not prohibit the exchanges recorded by SEC-or CFTC from facilitating the circulation of these encryption products. By coordinating their efforts, the two closters aim to enhance trading options available for market participants in the United States.

The joint statement encourages exchanges to communicate with SEC and CFTC employees as they are ready to provide the necessary recordings and proposals to trade these products.

The regulatory framework established by the basic commodity exchange law requires that a trading transactions, finance or financing be made Specialized contracts markets (DCMS) or foreign commerce councils (FBOTS) registered with CFTC.

However, there is an exception to retail transactions listed in the SEC (NSES). The sections have indicated that DCMS, FBOTS and NSES allow the trading of the specific Spot encryption assets products, which may lead to an increase in market activity.

Next reinforced trading opportunities

The SEC Trading and Markets Department is ready to help the SEC clearing agencies interested in participation, while the CFTC clearing and risk department is prepared to treat inquiries from the registered Derivatives cleansing organizations.

In addition, the statement emphasizes the importance of publishing public trade data, which can provide valuable visions of the market. The agencies are committed to strengthening fair and organized markets, believing that transparency and effective execution will enhance competition and trade opportunities for all participants.

CFTC spokesman He said Check in America that the procedures for the implementation of the previous agency, which sent a clear message that some innovative activities in the encryption space will face the audit.

However, the spokesperson confirms that the recent employee statement shows that such activities are permitted under the current laws and that both sides are ready to cooperate with the registrants to facilitate their entry into the market.

Distinctive image from Dall-E, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.