By: Matt Anderson

The Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA) recently held a summit focused on cryptocurrency assets and agreed to expand their Memorandum of Understanding (MOU) to address crypto activities falling within their respective regulatory mandates. The summit brought together experts from both organizations to share regulatory intelligence and explore ways to leverage new technology. Discussions revolved around investor protection, potential risks, reporting obligations, and supervisory requirements associated with crypto-related activities. As a result of the meeting, FINRA and NFA agreed to enhance information sharing and collaboration on crypto assets, blockchain technology developments, and regulatory risks associated with crypto assets. The collaboration aims to strengthen investor protection efforts and improve market integrity as the crypto market continues to evolve. FINRA is a not-for-profit organization that regulates brokerage firms in the U.S. securities industry, while NFA serves as the self-regulatory organization for the U.S. derivatives industry.

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