THE Commission of securities and the Commodity Futures Trading Commission announced on Tuesday a joint initiative to rationalize the commercial process of cryptocurrency assets.
Dry, CFTC is associated with establishing Crypto Claire guidelines
The DIF trade and market division and the market surveillance and the CFTC compensation and risk division will work together to issue directives on the list of retail products with leverage, margined or financed on digital assets, according to a joint press release.
The agencies have declared that they act on the recommendations shared by the president’s working group on the digital asset markets, which called for cooperation between the CFTC and the SEC to advance innovation based on blockchain and regulatory clarity in the United States
“This joint declaration provides for the point of view of the divisions according to which the current law does not prohibit the exchanges recorded by SECE or CFTC to facilitate the negotiation of these active products Crypto-SPOT,” said the press release.
The agencies said that they were ready to answer questions from market players who could prepare to submit the necessary recorded records, proposals or requests for the appropriate rescue.
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Cryptographic position of the Trump administration
This initiative is an important step in the sense of the Crypto project of the SEC, which was launched in order to revise the regulations on securities to adapt to the financial systems based on blockchain.
The federal government has increasingly taken a pro-consumption-money post since the president Donald Trump Taken his duties, intended to make the United States of the “Cryptocurrency Capital” in the United States.
The main cryptocurrency bills have grown in recent months. The Clarity Act, which proposes to divide the surveillance of cryptocurrencies between the dry and the CFTC, sailed in the lower room. The senior GOP senators published a discussion project for similar legislation in July.
However, concerns about companies supported by Trump and a conflict of potential interests have strengthened bills, with the senior Democratic senator. Elizabeth Warren (D-Mass.) Among the most vocal opponents.
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