US Regulators Unite for Crypto, AI
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Two major US financial regulators, the SEC and CFTC, have signed a new agreement to collaborate more closely on market oversight. The memorandum of understanding focuses on information sharing and clear rules for diverse technologies and asset types. This move aims to address the challenges posed by new technologies like cryptocurrency and automated trading systems. The regulators are also implementing a minimum effective dose approach to rules, launching a crypto task force, and an advisory committee for emerging tech. This coordination promises clearer guidance for trading platforms, investment funds, and dealers, keeping the US competitive globally by balancing safety with growth.
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