Dual Agency Oversight refers to a regulatory structure where two distinct governmental or institutional bodies share responsibility for supervising a specific industry, market, or activity. This approach aims to provide comprehensive regulatory coverage by utilizing different areas of expertise. It often necessitates coordination between agencies to prevent regulatory gaps or redundancies.
Context
In the context of digital assets and blockchain, dual agency oversight is a frequent discussion point, especially when classifying assets as either securities or commodities, which determines the primary regulatory authority. The complexity of digital asset classification often leads to calls for clearer jurisdictional boundaries and enhanced inter-agency cooperation to establish consistent regulatory practices.
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