The Unintended Consequences of Joint CFTC and SEC Jurisdiction in Crypto Regulation

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.