TechFlow, August 4 — According to Cointelegraph, the White House's Digital Assets Working Group released a policy recommendation report on cryptocurrency, proposing specific measures regarding market structure and banking regulation. A key recommendation in the report is clarifying the regulatory responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), with the latter set to gain oversight authority over the spot cryptocurrency market.
Edwin Mata, CEO and legal counsel at blockchain platform Brickken, said that clearly defining the regulatory jurisdictions of the two agencies would help build a mature and transparent crypto ecosystem. This move could prevent regulatory overlap and ensure consistency in legal interpretation.
