The Unintended Consequences of Joint CFTC and SEC Jurisdiction in Crypto Regulation
Friday, 24 May 2024, 20:02
Implications of FIT21’s Crypto Market Structure Bill
The landmark FIT21 bill proposes joint CFTC and SEC jurisdiction over the crypto market, which is expected to significantly impact compliance costs and market structure. The bill's implementation could lead to the fragmentation of global crypto markets and pose challenges for the nascent industry in the U.S.
Stakeholders need to closely monitor the developments to navigate potential disruptions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.