Industry-Wide

In March 2026, the SEC and CFTC signed a landmark memorandum of understanding on regulatory harmonization, as reported by Fintech and Digital Assets publications. While the MOU primarily addresses jurisdictional coordination between the two agencies, it has potential implications for bank-fintech partnerships involving digital assets, crypto, and tokenized financial products. Banks serving as sponsors for fintech platforms that offer digital asset products may need to navigate updated regulatory expectations under this harmonized framework. The MOU represents a significant step toward reducing regulatory ambiguity in the digital assets space.

Verified from source: On March 11, 2026, SEC Chairman Paul S. Atkins and CFTC Chairman Michael S. Selig signed a Memorandum of Understanding to guide coordination and collaboration on issues of shared regulatory concern, including a fit-for-purpose regulatory framework for cryptoassets and emerging financial technologies.