$BTC Essential knowledge for encrypted individuals, the two American institutions FOMC and SEC both have the letter 'c' in their names, but their meanings are quite different!

The full name of the US SEC is: United States Securities and Exchange Commission

It is the Securities and Exchange Commission of the United States, responsible for regulating the securities market and protecting investors' rights.

The one that set the interest rates yesterday was: Federal Open Market Committee

The Federal Open Market Committee (FOMC) of the Federal Reserve. FOMC is primarily responsible for formulating the monetary policy of the United States, such as adjusting interest rates.

Therefore, the functions and focus of these two committees are completely different.

In these two terms, the distinction between 'Committee' and 'Commission' mainly lies in their nature and scope of responsibilities.

Generally speaking, 'Committee' tends to focus more on a specialized small group, usually established for a specific task,

while 'Commission' refers more to an agency with broader powers and responsibilities, which may involve regulation, decision-making, or execution.