SEC & CFTC Align on Crypto Rules in Historic Roundtable Amidst Shutdown Threat
A joint roundtable between the SEC and CFTC took place amidst potential U.S. government shutdown due to partisan disagreements over healthcare funding. The event, attended by executives from cryptocurrency firms like Kraken and Crypto.com, aimed to align rules for the crypto industry. Despite the meeting, the regulatory landscape remains fragmented, with overlapping responsibilities and differing enforcement approaches between the two agencies.
The roundtable was held to address past regulatory gaps that delayed products from reaching the market. Officials emphasized the need for clearer guidance, with SEC Chair Paul Atkins and acting CFTC Chair Caroline Pham stating their focus is on harmonization, not a merger between the two agencies. For SHIB holders, the roundtable signals more clarity than constraint, keeping liquidity and access stable for the time being. However, investors should remain vigilant for future policy updates and evolving regulations, as the roundtable did not introduce any new restrictions on SHIB.
The first joint roundtable in over a decade between the SEC and CFTC has provided some clarity for the crypto industry, but the regulatory landscape remains fragmented. As the U.S. government faces potential shutdown, investors should stay informed about future policy updates and evolving regulations.
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