It emerged today that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — two pillars of US financial oversight — have finally ended years of jurisdictional disputes by signing a landmark memorandum of understanding. The agreement is intended to close the era of jurisdiction wars and establish a unified, coordinated approach to supervising financial markets, which will undoubtedly have a deep impact on the fast-growing crypto market.

The MoU's key aim is to enable unprecedented information?sharing and joint oversight across all financial?market sectors. That means the SEC and the CFTC will work hand in hand, coordinating actions and avoiding duplication. Special attention is being paid to cryptocurrencies, which long remained in a regulatory grey area, creating uncertainty for market participants and for regulators themselves.

Such close cooperation is expected to produce a more transparent and predictable regulatory framework for crypto assets. On the one hand, that is good for the industry: instead of fragmented and often contradictory rules, investors and companies will see a single, harmonised set of requirements. On the other hand, the new rules will be built on the principle of technological neutrality. While that ensures the framework can adapt to the continuously changing blockchain landscape — including new trading models, innovative on?chain infrastructure and advanced automated systems — it will likely create practical challenges for interagency coordination in the early stages.

In any case, the new approach is intended to stimulate further industry development, not to impede it.

Trading recommendations:

Bitcoin

Buyers are currently targeting a return to $71,300, which would open a direct path to $73,000 and then to $74,600. The most distant upside target is the high near $77,400; a break above that would signal attempts to resume the bull market. On the downside, buyers are expected at $69,300. A move back below that area could quickly push BTC toward $66,700, with a further downside target near $64,900.

Ethereum

A clear close above $2,078 would open the way to $2,169. The most distant upside target is the high near $2,279; a break above that would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected at $2,007. A move below that area could quickly send ETH toward $1,915, with a further downside target near $1,845.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.