SEC and CFTC Could Regulate Crypto Through Rulemaking – Here’s How

• The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have yet to issue any crypto-specific rules, despite bringing more than 100 enforcement actions against crypto-asset market participants.
• If the agencies did decide to regulate crypto through rulemaking, they could use their existing authorities to reduce information asymmetries between issuers of securities and the investing public.
• Calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward for the SEC and CFTC to take when it comes to regulating crypto.

Regulators are in no hurry to write rules for crypto, but the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have brought more than 100 enforcement actions against crypto-asset market participants. Despite this, neither agency has issued a single crypto-specific rule, and it is unlikely that they will change course any time soon.

However, if the agencies did decide to regulate crypto through rulemaking, they could use their existing authorities to reduce the informational disadvantage of outside investors. Federal securities laws are primarily designed to ensure that firms that raise capital from investors by selling a security, provide sufficient information about the investment to the public. This includes requiring firms to disclose their activities, their financials, and their risks.

In addition, the SEC has the authority to regulate the activities of broker-dealers and investment advisers, who can provide valuable services to investors in the crypto space. The CFTC, meanwhile, is responsible for regulating derivatives and commodities, including those based on crypto assets. The CFTC also has jurisdiction over spot markets for commodities, such as futures contracts.

Calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward for the SEC and CFTC to take when it comes to regulating crypto. Rulemaking allows regulators to take a more proactive approach to establishing rules and regulations in the crypto space, rather than relying on enforcement actions to address misconduct. This would provide more guidance to the industry, helping to reduce risk and ensure the integrity of the crypto markets.

It is important to note, however, that both the SEC and CFTC would need to take a holistic approach when it comes to crypto regulation. This means that any rules and regulations issued must take into account both the nature of the crypto assets and the markets in which they are traded. Additionally, regulators must consider the impact of crypto-related activities on other financial markets.

The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward. This would help to reduce information asymmetries between issuers of securities and the investing public, while also providing greater guidance to the industry and helping to ensure the integrity of the crypto markets.

Experience Tribeca Film Festival Like Never Before with VIP NFT Passes!

• Tribeca Film Festival is offering VIP passes as digital collectibles in partnership with crypto exchange OKX.
• The NFTs cost $899 and can be purchased through the Tribeca website using a credit card or through the OKX NFT marketplace using ether (ETH).
• The design of the NFT artwork was inspired by the landscapes of Lower Manhattan, where this year’s festival will take place on June 7-18.

The Tribeca Film Festival has announced an exciting new offering for movie fans everywhere – VIP passes as digital collectibles in partnership with crypto exchange OKX. This marks the first time the festival has ventured into the realm of non-fungible tokens (NFTs), and is sure to bring a new wave of enthusiasm to the event.

The NFTs cost $899 and can be purchased through the Tribeca website using a credit card or through the OKX NFT marketplace using ether (ETH). Those who purchase the passes will have access to special screenings and events with Tribeca co-founders Jane Rosenthal and Robert De Niro, in addition to other exclusive perks.

The design of the NFT artwork was inspired by the landscapes of Lower Manhattan, where this year’s festival will take place on June 7-18. Nate Zou, head of Web3 products at OKX, told CoinDesk that the Seychelles-based exchange is excited to leverage blockchain technologies to reach new audiences and bring the event into Web3.

The Tribeca Film Festival has long been a destination for movie lovers, but this new venture is sure to bring a whole new level of excitement to the event. With the use cases for NFTs continuing to expand, Tribeca is leading the way in bringing the trend to the masses. Fans can expect to experience a whole new level of access and engagement with the event, as well as a unique collectible item to commemorate their experience.

The VIP passes are sure to be a hit with movie lovers everywhere, and provide a unique and memorable way to experience the Tribeca Film Festival. So don’t miss out on this opportunity to join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Secure your seat now and get ready to experience the Tribeca Film Festival like never before.

CFP, CFA Institutes Issue Guidelines for Crypto Investors

• The Certified Financial Planner Board of Standards (CFP Board) and the Chartered Financial Analyst Institute (CFA Institute) have recently issued guidelines regarding cryptocurrency investing and advice.
• The CFP Board issued guidelines in November in a “Notice to CFP Professionals Regarding Financial Advice About Cryptocurrency-Related Assets”, which will govern how holders of the CFP certificate will advise clients on cryptocurrency investments.
• The CFA Institute has also issued a statement cautioning investors on the risks associated with cryptocurrency investments and stressing the importance of proper due diligence.

Christopher Robbins, a nationally recognized journalist, recently wrote an article on the stances taken by two of the most influential financial credentialing organizations on cryptocurrencies. The Certified Financial Planner Board of Standards (CFP Board) and the Chartered Financial Analyst Institute (CFA Institute) have recently issued guidelines regarding cryptocurrency investing and advice.

The CFP Board issued guidelines in November in a “Notice to CFP Professionals Regarding Financial Advice About Cryptocurrency-Related Assets.” The notice serves to govern how holders of the CFP certificate will advise clients on cryptocurrency investments. The CFP Board stresses that advisors must meet the Board’s standards for practice and conduct, and must ensure investors understand the risks and potential rewards associated with cryptocurrency investments.

The CFA Institute has also issued a statement cautioning investors on the risks associated with cryptocurrency investments and stressing the importance of proper due diligence. The Institute’s statement states: “Investors should be aware that cryptocurrencies and related investments are speculative and volatile, and the market is largely unregulated. Establishing appropriate frameworks for due diligence and monitoring can be challenging.”

The statements from the two organizations highlight the importance of responsible investing in the cryptocurrency market. As the industry matures and becomes increasingly regulated, the statements from the CFP Board and CFA Institute provide valuable guidance for investors and advisors alike. As the market expands and evolves, both organizations are likely to issue additional guidance to ensure that investors are making informed decisions when investing in cryptocurrencies.