US SEC and CFTC to sign MOU on crypto regulation cooperation

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced they will sign a Memorandum of Understanding (MOU) to cooperate on regulating the cryptocurrency industry. In a joint interview with The Wall Street Journal, SEC Commissioner Paul Atkins and CFTC Commissioner Michael Selig said the two agencies are discussing how to design crypto regulations and divide supervisory authority, with the MOU intended to formalize their collaboration. The agencies are scheduled to announce specific details of their market supervision plans at a joint event on Jan. 30, which may include defining which body has jurisdiction over specific crypto assets.