SEC AND CFTC FORMALIZE JOINT CRYPTO OVERSIGHT FRAMEWORK

Summary from the TLDR Crypto newsletter

The SEC and CFTC formalized a memorandum of understanding to harmonize digital asset oversight, committing to joint meetings, data sharing, and coordinated responses to firms seeking regulatory interpretations, with SEC Chair Paul Atkins framing the arrangement as a unified framework for industry engagement. The MOU targets product definitions, clearing and margin requirements, trade data reporting, and intermediary oversight, marking a substantive departure from the agencies' historical jurisdictional conflicts. Progress on the Senate market structure bill faces near-term headwinds, with Majority Leader Thune signaling that competing priorities and a two-week Easter recess could push floor consideration into April.