The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are prioritizing crypto regulatory clarity through "Project Crypto", a joint initiative aimed at providing clear rules for the industry. SEC Chair Paul Atkins emphasizes that the goal is to protect investors and foster innovation, rather than stifle it with excessive regulation. $TAKE
Key priorities include:
- Enhanced fraud enforcement
- Streamlined disclosures
- Crypto regulatory clarity through CFTC coordination
- Development of a formal token taxonomy
- Clearer rules for spot crypto markets, DeFi, and tokenized assets$BERA
Atkins has expressed support for legislative efforts to codify a crypto market structure, emphasizing the need for continued feedback and collaboration from market participants. The SEC and CFTC are working together to reduce regulatory uncertainty and promote innovation in the US crypto space. $PIPPIN