SEC and CFTC Sign MoU to Coordinate Oversight and Modernize US Financial Market Rules

The SEC and CFTC announced a new Memorandum of Understanding to coordinate oversight, reduce overlapping rules, and update regulation across US financial markets. The agencies also introduced a Joint Harmonization Initiative to align product definitions, simplify reporting, and modernize clearing and margin requirements. Regulators said the effort aims to support innovation, enhance market supervision, establish a clearer regulatory framework for crypto and emerging technologies, and reinforce the US position in global finance.