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call for sec cftc merger to streamline crypto regulations
John E. Deaton advocates for merging the SEC and CFTC to streamline crypto regulations, arguing that a unified regulator would reduce confusion and enhance competitiveness in global markets. This proposal is supported by figures like Elon Musk and Congressman John Rose, who aims to foster collaboration through a Joint Advisory Committee on Digital Assets. Deaton emphasizes the need for clarity in regulatory frameworks, particularly in light of conflicting classifications of assets like XRP.
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