Updated Look at Crypto Regulatory Efforts From SEC and CFTC

Over the past few years, cryptocurrency has evolved from being a frowned-upon asset class into a mainstream financial instrument as adoption increased. The number of global cryptocurrency owners has risen nearly 300% since 2021. The growth is promising for the industry's future, but with increasing adoption and capital infusion, comes more attention from financial regulatory bodies around the globe.

The Securities Exchange Committee (SEC) and Commodity Futures Trading Commission (CFTC) are two regulatory bodies that oversee digital asset trading activities in the United States.