The U.S. SEC and CFTC signed a memorandum of understanding to collaborate on developing crypto policies and promoting the launch of new products.
PANews reported on March 12 that, according to The Block, the U.S. Securities and Exchange Commission (SEC) and the China Federation of Trade Unions (CFTC) signed a memorandum of understanding, pledging to strengthen coordination and cooperation to support legitimate innovation, maintain market integrity, and ensure the protection of investors and clients. SEC Chairman Paul Atkins stated that decades of regulatory turf wars, duplicate registrations, and conflicting regulations between the two agencies have stifled innovation and pushed market participants to other jurisdictions.
The two agencies stated their commitment to developing federal policies that "fit the regulatory framework for crypto assets and other emerging technologies," and pledged in the memorandum of understanding to "closely coordinate and cooperate to remove, where appropriate, obstacles to the legal launch of crypto asset products." While memorandums of understanding are typically non-binding, the formal commitment by the two agencies to work closely together on policy measures, including those related to crypto, is a positive sign for digital asset advocates. CFTC Chairman Michael Selig stated that regulatory frameworks must evolve to meet the needs of market participants, and this agreement reinforces the commitment to harmonizing regulatory frameworks to provide comprehensive and seamless market regulation.
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Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash. Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more
