On September 3, staff from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) just issued a joint statement, clarifying that exchanges registered with the SEC and CFTC are not prohibited from offering trading in certain spot crypto asset products.
“Market participants should have the freedom to choose where to trade spot crypto assets,” said SEC Chairman Paul Atkins.
“Under the previous administration, our agency sent mixed signals regarding regulation and compliance in the digital asset markets, but the message was clear: innovation is not welcome. That chapter is closed,” said CFTC Acting Chairwoman Caroline Pham.
The move marks a significant step forward in the two agencies’ “Project Crypto” and “Crypto Sprint” initiatives, which aim to harmonize regulation while expanding choice and flexibility in trading venues for U.S. market participants.
