Fed this month crypto- The meeting has already announced, but when it was hours, SEC and CFTC made an announcement. We can clearly say that crypto currencies have become a really important issue for US regulators. Investors did not expect such a quick transformation with Trump’s task. So, what is the joint meeting of SEC and CFTC for purpose?
SEC, CFTC and Crypto Coins
The US stock exchanges were opened at the time of preparing the text and the Fed is now discussed the possibility of making an interest rate reduction of 50BP. The employment report was terrible as it was hoped. FED should start rapid interest rate cuts for treatment of bleeding wound in employment, which is now the second important task, after watching inflation -oriented policy for years.
Of course there are other good developments. As we mentioned in the entrance, the community of the Securities and the Stock Exchange Commission and the Futures Commodity Transactions (CFTC) Today With crypto coins He announced the relevant meeting. The round table meeting to be held on September 29 is organized for the purpose of providing the need for the clarity in crypto money markets.
SEC President Paul S. Atkins and CFTC Deputy Chairman Caroline D. Pham said in a statement;
“A new day in the SEC and CFTC and today we start a long -awaited journey to ensure the clarity they deserve to the markets. The two institutions work together and transform the unique regulatory structure of our country into a power supply for market participants, investors and all Americans.
To comply with the definitions of products and spaces of our related institutions to the extent that they are possible and appropriate within the scope of the existing regulations; regulating reporting and data standards; He should consider making compliance with capital and margin frames and creating coordinated innovation exemptions by using the existing exemption authority of each institution. ”
The meeting, which will be broadcasted live on the SEC’s website, creates the ability of the two institutions to work together at the point of creating crypto money rules, and will create a ground for crypto legislation (supportive rules).
Before and after Trump
Before Trump took office, Biden management turned into a nightmare for crypto currencies. From crypto coins They hated so much that after Trump, who took steps in favor of the crypto during the election, did not even deign to do something similar. In fact, if you remember the election period last year, we saw how Harris could participate in a crypto event excited the markets and then this was denied.
From crypto coins The Biden administration, which hated, increased the pressure on the crypto through regulatory institutions. When SEC was filed for cases, CFTC stood back from creating constructive rules and the two institutions were fighting in a coordinated crypto.
At the point we have reached today, after Trump, the two institutions now work together for constructive regulations in crypto currencies. This 180 degree turn is absolutely impressive.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
