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The U.S. market regulator took coordinated measures to encourage the development of the crypto market on September 2, and issued a joint staff statement to confirm:Registered exchanges are not prohibited from offering specific spot crypto asset products.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said the statement reflects the common position of the two agencies’ subordinate departments that regulated platforms can conduct spot commodity trading in compliance.
The two institutions positioned this move as part of an overall effort to expand market options and promote digital asset innovation to return to the local area.
SEC Chairman Paul Atkins called the joint statement a milestone in the industry, highlighting the agency’s commitment to promoting competition among trading venues.
CFTC acting chairman Caroline D.Pham described the announcement as a reversal of previous policy uncertainty and linked it to President Donald Trump’s goal to promote the United States to become the “global crypto capital.”
This effort stems from two ongoing initiatives: the SEC’s Project Crypto and the CFTC’s Crypto Sprint.Both projects are based on the recommendations of the President’s Digital Assets Markets Working Group to modernize the regulatory framework.
The transaction and market oversight departments of the two agencies said they will continue to communicate with industry stakeholders to address concerns and evaluate potential products.
Registered exchanges are encouraged to consult staff of any regulatory authority for compliance matters.It is worth noting that the CFTC is preparing to restore U.S. access to overseas exchanges after the release of new guidelines last month.
The joint statement stated thatThe SEC and CFTC intend to maintain open channels of dialogue and are expected to take further action to support the growth and development of the US digital asset market.
