The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint statement regarding the trading of certain spot crypto asset products.
The statement provides regulatory confirmation that enables digital asset trading on major US exchanges such as NYSE and Nasdaq.
“Today’s joint staff statement represents a significant step forward in bringing innovation in the crypto asset markets back to America,” said SEC chairman Paul Atkins.
The joint statement exemplifies how staff of the two agencies can coordinate to promote trading venue choice and optionality for market participants.
“Market participants should have the freedom to choose where they trade spot crypto assets,“The SEC is committed to working with the CFTC to ensure that our regulatory frameworks support innovation and competition in these rapidly evolving markets.”
As part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint, the SEC’s Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk are collaborating to facilitate the trading of certain spot crypto asset products on registered exchanges.
“By working together, we can empower American innovation in these markets and build on President Trump’s collaborative approach to making America the crypto capital of the world,” said CFTC acting chairman Caroline D. Pham.
“Today’s joint agency statement is the latest demonstration of our mutual objective of supporting growth and development in these markets, but it will not be the last.”
