Dual agency coordination refers to the collaborative efforts between two distinct regulatory or governmental bodies to oversee a particular activity or sector. This arrangement addresses situations where an activity falls under the purview of multiple authorities. It involves sharing information, aligning policies, and streamlining enforcement actions. Such coordination aims to prevent regulatory gaps or overlaps, promoting consistent oversight.
Context
In the digital asset sector, dual agency coordination is often discussed in contexts where cryptocurrencies or blockchain applications intersect with traditional financial regulations and emerging technology guidelines. A key discussion involves defining jurisdictional boundaries and ensuring efficient, consistent regulatory application across different types of digital assets. Future efforts will likely focus on formalizing inter-agency agreements to manage complex regulatory challenges effectively.
Joint staff guidance affirms that registered exchanges can list spot crypto products, immediately shifting the regulatory burden from litigation to registration.
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