SEC chair urges ‘one rule book’ for crypto to avoid gaps in oversight | Financial Times

Gensler said he was working on a “memorandum of understanding” with the CFTC, which he headed from 2009 to 2013. The SEC has jurisdiction over platforms listing tokens that are deemed securities.

If a token that represents a commodity is listed on a platform overseen by the SEC, the securities regulator would “send that information over to the CFTC”, Gensler said. The CFTC declined to comment.

“I’m talking about one rule book on the exchange that protects all trading regardless of the pair — [be it] a security token versus security token, security token versus commodity token, commodity token versus commodity token” to protect investors against fraud, front-running, manipulation as well as providing transparency over order books, Gensler said.

Source: SEC chair urges ‘one rule book’ for crypto to avoid gaps in oversight | Financial Times