The Breakdown SEC & CFTC Call a Truce on Crypto Regulation
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Oct 1, 2025 The SEC and CFTC are collaborating after years of rivalry, signaling a shift in crypto regulation. Tensions between traditional finance and crypto sectors are highlighted, alongside debates over token fungibility standards. The significance of a recent no-action letter is dissected, revealing its impact on utility tokens. Binance's new service allows banks to use its crypto infrastructure, while SWIFT plans blockchain integration for real-time payments. The Bitcoin market's September decline is examined alongside anticipation for upcoming ETF approvals.
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Regulatory Truce Between SEC And CFTC
- The SEC and CFTC signaled an end to their turf war and are prioritizing coordination over consolidation.
- Both agencies plan collaborative regulatory lanes rather than a merger, shifting focus to joint guidance for markets.
Token Fungibility Is Hard In Practice
- Token fungibility and interoperability emerged as a major unresolved issue for tokenized assets.
- Standardizing tokenized stocks raises redemption and technical interoperability problems that may be infeasible.
TradFi Vs Crypto Panel Tensions
- Tension surfaced between TradFi and crypto panelists, highlighted by a lighthearted onstage jab between Terrence Duffy and Shane Copeland.
- Panelists debated tokenization standards and TradFi concerns about special rules for crypto platforms.