#SEC与CFTC签署合作备忘录 Today marks day 631 of my daily posts, without a single break. Each one is not rushed, but carefully prepared. [微笑]If you think I'm a serious person, you're welcome to follow along, and I hope the daily content can help you. The world is vast, and I am small, so follow me so I'm not hard to find. [微笑][微笑]

Yesterday, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) formally signed a historic Memorandum of Understanding.

For a long time, jurisdictional disputes have not only left market participants confused, but also constrained America's position in the wave of emerging technologies. Regulatory friction is a tax levied on capital efficiency, and ultimately it is American investors and enterprises who bear the cost.

This signed memorandum marks the end of an era of duplicative enforcement and conflicting rules. We will terminate the fragmented management of each going its own way and establish a unified federal regulatory framework. Going forward, we will take coordinated action: establish adaptive rules for emerging technologies such as crypto assets, streamline compliance processes for dual-registered institutions, and coordinate cross-market supervision and data sharing.

This is not merely a simple handshake, but a profound systemic transformation. By releasing innovation potential through regulatory coordination, we will solidify America's global leadership in financial markets and usher in a golden age of American financial regulation.