At an event on Thursday, the SEC and the CFTC plan to release new details on how they will collaborate on oversight of the cryptocurrency market. Their joint efforts down the line could include deciding which crypto assets fall under each agency’s jurisdiction, an issue regulators have at times clashed over in the past. The agencies, which are consulting Congress on the Clarity Act, said they expect any forthcoming rules to align with legislation.
“We need to work out a clear taxonomy and stick within our lanes when it comes to enforcement,” said Selig.
Atkins said the SEC may focus on building a regulatory framework around tokenized securities, while the CFTC focuses on digital assets that regulators view as akin to digital collectibles or commodities. “We can help make sure that there are no gaps where things fall in between,” Atkins said.
Source: Exclusive | Trump Regulators Say They Are Ready to Lay Out Crypto Rules to Foster Growth – WSJ