**[SEC and CFTC Sign Memorandum of Understanding to Jointly Advance Crypto Regulation and New Product Development]** Odaily Planet Daily reports that the two major U.S. financial regulatory agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), have announced the signing of a Memorandum of Understanding (MOU). The agreement commits to strengthening collaboration on crypto asset regulation and the launch of new digital asset products, aiming to support lawful innovation and protect investors. According to statements from both parties, the MOU is designed to "guide coordination and cooperation between the two agencies," with a focus on supporting lawful innovation, maintaining market integrity, and ensuring investor and client protection. The two agencies also plan to jointly promote the development of a federal-level policy framework to establish a "fit-for-purpose regulatory framework" for emerging technologies such as crypto assets. SEC Chairman Paul Atkins stated that longstanding disputes over regulatory jurisdiction, overlapping registration requirements, and differing regulatory rules between the SEC and CFTC have, to some extent, stifled innovation and driven some market participants to other jurisdictions. Under the MOU, the two agencies will also coordinate efforts to address regulatory barriers that hinder the lawful launch of new financial products, including crypto asset-related products. Although MOUs are typically not legally binding, the market generally views the formal commitment by the SEC and CFTC to strengthen policy coordination as a positive signal for the digital asset industry. CFTC Chairman Michael Selig remarked that the reason U.S. financial markets lead globally is their ability to continuously adapt to investor needs, and the regulatory system must evolve in tandem to achieve more unified and comprehensive market oversight.