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An important event is brewing in the American sphere of digital asset regulation. The Securities and Exchange Commission and the Commodity Futures Trading Commission, the main supervisory authorities of the financial market, are preparing to formalize cooperation in a Memorandum of Understanding.

The main purpose of the document is to strengthen coordination and interaction in the field of regulation of the crypt and related digital assets. This initiative is aimed at solving the problem of dividing jurisdiction between the two agencies in a fast-growing and complex market.

The agreement is being prepared in response to the need for clear rules of the game. Currently, the classification of a digital asset (whether it is a security, a commodity, or something else) determines which agency will control it. The lack of consensus created uncertainty for companies and investors. The memorandum intends to establish interaction, information exchange and consultations between the SEC and the CFTC in order to close these gaps.

The details of the collaboration will be presented at a joint event on January 30. It is expected that representatives of the departments will talk about the mechanisms of interaction, areas of joint attention and, possibly, provide explanations on asset classification.

The impact of the document depends on its provisions, but already now it is a transition from the spontaneous growth of the crypt to regulation, where coordination between departments is important for stability and investor protection.