SEC and CFTC Issue Joint Statement Concerning the Cryptocurrency Industry! "Pay Attention to September 29th!"

A joint statement regarding the cryptocurrency industry was made by SEC Chairman Paul Atkins and CFTC Deputy Chairman Caroline ￰0￱ to this statement, the SEC and CFTC will hold a meeting on cryptocurrency regulations on September ￰1￱ out for September 29! The ￰2￱ 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 ￰3￱ meeting, which will be broadcast live to the public, will also cover topics such as crypto prediction markets, perpetual futures, and ￰4￱ statement said they planned a comprehensive discussion on adjusting the regulatory scope and easing rules for innovative technologies, such as regulatory testing ￰5￱ 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 ￰6￱ and definition restrictions have limited their use in the ￰7￱ 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 ￰8￱ 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 ￰9￱ this meeting and collaboration, the two institutions aim to harmonize rules, reduce regulatory gaps, expand trading hours, and leverage innovation exemptions to ensure ￰10￱ remain competitive. *This is not investment ￰11￱ Reading: SEC and CFTC Issue Joint Statement Concerning the Cryptocurrency Industry!

"Pay Attention to September 29th!"