The US stock and values commission. UU. (SECOND) and Basic Products Trade Commission (CFTC) Plan to maintain a joint round table as a next step in their efforts to make US markets more friendly with financial companies, including cryptographic companies.
The chiefs of the agencies, the president of the SEC, Paul Atkins, and the president of CFTC in functions, Caroline Pham, announced a joint round table by the end of this month to discuss the prediction markets, the decentralized finances and the 24/7 trade in the traditional financial markets, among other issues. The agencies also published a joint statement that describes their impulse for “greater harmonization” between the two agencies.
“It’s time to put aside the grass and really collaborate,” ATKINS said during a press call on Friday morning.
During the previous administration, the two agencies sometimes disagree on the surveillance of cryptography, despite the fact that their leaders were democrats appointed by former President Joe Biden. Gary Gensler, the former head of the SEC, prepared as a cryptographic antagonist, taking companies to court and refusing to advance in comprehensive cryptographic regulations, while the then president of the CFTC, Rostin Behnam, was marginally more open to conversations with the industry.
For example, the two agencies adopted different positions in which cryptographic assets were values and that were basic products, including Ethereum’s ETH, which seemed to claim under their jurisdictions at different times.
On Friday’s call, Atkins and Pham presented a new United Front, since the two said they are trying to bring the innovators of jurisdictions abroad and prepare to supervise modern markets and 24 hours.
‘Maximum productivity’
He asked about Coindesk if the regulator had the resources for the police 24 hours a day, 7 days a week, as the agencies suggested in their joint statement, ATKINS pointed to self -regulatory organizations as the entities that would assume most of the work.
“It is the markets themselves, the SRO that are responsible for looking at trade on their own platforms,” he said. “And obviously, then we have other ways in which we trace what is happening and [we] It is up to us to warn us. “
Atkins launched a monitoring question about a possible SRO for the cryptographic industry to Congress, saying that the agency was involved in the market structure legislation that currently advanced through the legislature.
Pham, who supervised the CFTC, while the nominee of the president of the Senate, Donald Trump, Brian Quintenz, said the agency did not need additional personnel to continue with its mandate to supervise the non -security markets.
“By consolidating many of the activities in the agency, we are actually in better conditions to have the maximum available productivity and capacity,” he said. “We are very well with all our initiatives, and we hope to continue working on this together with the SEC.”
Read more: The short -term agenda of the US ATKINS PUBLICATIONS agency
