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SEC and CFTC Issue Joint Statement, Clarifying Registered Exchanges Can Trade Certain Spot Cryptocurrencies
Summary: According to reports, the staff of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have just issued a joint statement, explicitly stating that exchanges registered with the SEC and CFTC are not prohibited from trading certain spot cryptocurrency products. SEC Chairman Paul Atkins stated that market participants should have ...
According to reports, the staff of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have just issued a joint statement, explicitly stating that exchanges registered with the SEC and CFTC are not prohibited from trading certain spot cryptocurrency products. SEC Chairman Paul Atkins stated that market participants should have the freedom to choose where to trade spot cryptocurrencies. CFTC Acting Chairman Caroline Pham stated that in the previous administration, their agencies sent mixed signals on regulation and compliance issues in the digital asset market, but the message was clear: innovation was not welcome. That chapter has ended. This move marks an important step for the two agencies' crypto projects (Project Crypto) and Crypto Sprint initiatives, aimed at coordinating regulation and expanding trading venue choices and flexibility for U.S. market participants.
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Link: SEC and CFTC Issue Joint Statement, Clarifying Registered Exchanges Can Trade Certain Spot Cryptocurrencies [Copy]
