A joint statement regarding the cryptocurrency industry was made by SEC Chairman Paul Atkins and CFTC Deputy Chairman Caroline D. Pham. According to this statement, the SEC and CFTC will hold a meeting on cryptocurrency regulations on September 29. Watch out for September 29! The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced in a joint statement that they will hold a meeting on September 29 to collaborate on cryptocurrency regulations. The meeting, which will be broadcast live to the public, will also cover topics such as crypto prediction markets, perpetual futures, and DeFi. The statement said they planned a comprehensive discussion on adjusting the regulatory scope and easing rules for innovative technologies, such as regulatory testing grounds. Officials stated that they will specifically consider introducing cryptocurrency perpetual contracts or derivatives to the US market, noting that these instruments are currently mostly traded on overseas exchanges due to local regulatory restrictions. “Perpetual contracts or derivatives without a defined expiration date are common in offshore crypto markets. Jurisdiction and definition restrictions have limited their use in the US. Institutions could consider simultaneous steps to bring perpetual contracts that meet investor and customer protection standards into domestic markets and allow these products to trade on platforms regulated by the SEC and CFTC. This initiative would capture economic activity currently flowing exclusively to foreign platforms and provide US investors with access to products that offer transparent leverage limits and robust risk management. Through this meeting and collaboration, the two institutions aim to harmonize rules, reduce regulatory gaps, expand trading hours, and leverage innovation exemptions to ensure U.S. markets remain competitive. *This is not investment advice. Continue Reading: SEC and CFTC Issue Joint Statement Concerning the Cryptocurrency Industry! "Pay Attention to September 29th!"
