SEC and CFTC considering joint committee revival to regulate digital currencies
Reports suggest that the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are considering reviving their joint advisory committee to regulate digital currencies. According to FOX Business, this committee, established in 2010 and inactive for over a decade, is expected to take a more collaborative approach in regulating the digital currency industry in the new era. This shift follows recent changes in both institutions; with the SEC forming a special digital currency group led by Hester Peirce and the CFTC nominating Brian Quintenz, a digital currency advocate, as chairman, indicating a new approach towards digital assets.
