SEC and AMF announce supervisory MOU on investment firms
The SEC and France's AMF said they entered a supervisory memorandum of understanding to support consultation and information-sharing on cross-border oversight. (Read More)
Asanat Analysis — Why it matters
A supervisory MOU between the SEC and AMF signals regulatory alignment on cross-border crypto and digital asset oversight. France hosts multiple regulated crypto platforms and has positioned itself as a crypto-friendly jurisdiction within Europe's MiCA framework. This bilateral agreement likely formalizes information-sharing on investment firms offering crypto products, reducing regulatory arbitrage opportunities that traders have historically exploited across US-EU borders.
The timing reflects broader trend: regulators are moving from unilateral enforcement toward coordinated supervision. This MOU suggests the SEC is willing to formalize relationships with non-US regulators—a departure from its historically insular approach. For crypto platforms, this means inconsistent regulatory positions between jurisdictions will become harder to maintain. Expect increased scrutiny on how firms classify assets, custody arrangements, and stablecoin issuance across jurisdictions.