SEC and CFTC Tout the End of Turf Battles, but Challenges Loom

Also, crypto industry hits back at banks' stablecoin concerns; SEC order paves way for mutual funds to offer ETF share class

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Market participants of all stripes – and ages – crowded into the SEC’s Washington headquarters this afternoon to listen to the heads of the SEC and CFTC extol the virtues of “harmonizing” their rules and ending “regulatory fragmentation.” While the r…