SEC chairman says agency pursuing MOU with CFTC on crypto

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced that the agency is pursuing a formal Memorandum of Understanding (MOU) with the Commodity Futures Trading Commission (CFTC) to strengthen inter-agency cooperation on cryptocurrency regulation. According to CoinDesk, the MOU is expected to include joint meetings on financial product applications, rule interpretation, enforcement decisions, and investigations into regulated firms. In a conference speech, Atkins described the SEC and CFTC as sister agencies that will regulate most crypto activity in the U.S. He added that while the two have competed for regulatory authority over crypto in the past, they will now formalize their cooperation through the MOU.