SEC and CFTC Sign MOU to Coordinate U.S. Crypto Regulation

The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission signed a Memorandum of Understanding to coordinate oversight of digital asset markets and align regulatory frameworks, SEC Chair Paul Atkins and CFTC Chair Michael Selig said at the Futures Industry Association Conference. The agreement establishes procedures for data sharing, joint enforcement coordination and harmonized regulatory definitions as part of the SEC-CFTC Harmonization Initiative linked to the CLARITY Act and President Donald Trump's crypto agenda. Under the MOU, the agencies plan to reduce overlapping rules for crypto companies, refine approaches to clearing, margin, collateral and tokenization, and provide clearer guidance as the SEC sends digital asset securities guidance to the White House and the CFTC prepares a framework for crypto perpetual futures. The CFTC has asserted federal jurisdiction over prediction markets such as Kalshi and Polymarket, while emerging products including perpetual swaps, event contracts and decentralized finance protocols face unresolved rulemaking and compliance challenges, critics said.