US SEC Chairman: Cooperation with the CFTC will include joint meetings and joint inspections.

CoinFeed reported on March 11 that, according to CoinDesk, U.S. SEC Chairman Paul Atkins stated that the SEC and CFTC are developing a memorandum of understanding to strengthen coordination and cooperation between the two regulatory agencies. Atkins stated at the FIA ​​Global Clearing Markets Conference that the two sides are "repositioning themselves for a golden age of regulatory coordination," with cooperation covering joint meetings, rule interpretation, enforcement decisions, and joint inspections of regulated entities. Atkins pointed out that companies should not be passed back and forth when their products touch upon the regulatory frameworks of both agencies, nor should they rely on which agency speaks first to obtain clarity. The two sides will establish a joint meeting mechanism to handle product applications and launch a "coordination" website for companies to request collaborative discussions with both agencies. The coordination and cooperation will also extend to enforcement decisions and regulatory inspections, avoiding duplicate reviews of entities under dual regulation.