We might finally be seeing the end of the most expensive war in financial history. For years, the SEC and CFTC have been fighting over crypto. This means no matter what you do, you're breaking someone's rules.
Commissioner Paul Atkins just stepped up and called for regulatory harmony. Atkins is pushing to end the double tax of compliance where firms have to file the same data to two different agencies in two different formats just because nobody can agree on what a security is.
The Reality Check: The US is losing talent to Europe because the EU actually has a rulebook (MiCA), while the US just have lawsuits. This push is a tactical move to stop the US from becoming a crypto graveyard.
Is it a genuine pivot, or just a tactical retreat while they find a new way to keep control? Let’s discuss. ????
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