According to recent reports, the United States of the United States (SEC) and the Commodity Term Trade Commission (CFTC) with the commission of the United States (SEC) continue to negotiate to cooperate on crypto currencies and regulations. This development came up after the appointment of A16z crypto policy chief Brian Quintenz as the President of the CFTC.
Crypto currencies are on the agenda of US institutions
Fox Business Reporter Eleanor Terret, SEC and CFTC’s two major regulatory institutions, plans to cooperate in crypto regulations, and this development, Trump -led regulators showed more crypto currencies prioritized. A proposal that is currently on the agenda is the re-operation of the CFTC-SEC joint advisory committee established in 2010 to address regulatory challenges. The revitalization of this committee, which has not been active since 2014, can provide a structured platform where problems can be addressed in the rapidly changing crypto world.
Last year, Temporary CFTC President Caroline D. Pham wanted to reconstruct the advisory committee and emphasized that this step would be an important move to encourage a collaborative regulatory approach to crypto beings in the United States. These developments are seen as signs of a potential harmony to develop meaningful crypto arrangements between the two regulatory institutions in the field of crypto assets.
Hester Pierce called for cooperation with Brian Quintenz
On Wednesday, A16z crypto policy chief Brian Quintenz was officially appointed as the US CFTC president. On the X platform, Quintenz, “CFTC has a critical role that maintains powerful protection and price discovery markets worldwide. It is also a good position to ensure that the US is the world leader in Blockchain technology and innovation. ” he said. The appointment of Brian Quintenz as President of CFTC may be a significant change for the crypto industry. The Secret Commissioner Hester Pierce is known as “crypto mother ve in the crypto world and stated that there should be cooperation between the two institutions. Pierce manages SEC’s crypto task force and continues to work to bring net crypto arrangements. Similarly, CFTC is planning to edit a CEO forum that includes important stakeholders such as Ripple, Coinbase and Circle, and aims to start a crypto pilot program as part of it.
Paul Atkins, a crypto -friendly name in the industry, is expected to be appointed instead of Mark Uyeda, who is currently a temporary president of SEC. Paul Atkins is on the board of directors of the Securitized company, which made it possible for Exodus’ shares to be traded in NYSE by providing their shares to their shares in the algorand blockchain. Atkins knows the crypto industry closely and may take a proactive approach to the creation of crypto arrangements. Ark Invest CEO Cathie Wood said in a statement earlier, “New SEC President Paul Atkins will free crypto assets from the restrictions of Gary Gensler and will protect private property rights in the digital world.” in the form of an assessment.
