The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have announced a joint approach to oversee spot crypto trading in the U.S.
Joint SEC and CFTC Statement
The announcement made on Tuesday clarified that regulated domestic and foreign exchanges are not restricted from listing spot crypto products, including those offering leverage and margin features.
Expanding Opportunities for Regulated Venues
This development means that traditional financial venues such as Nasdaq, the New York Stock Exchange, CME Group, and Cboe Global Markets could potentially enter the spot crypto trading market, offering products similar to those already available on crypto-native platforms like Coinbase and Kraken. Certain foreign boards of trade recognized by the CFTC may also qualify to list these products.
Shift in U.S. Policy on Cryptocurrencies
The statement reflects the broader shift in U.S. policy on cryptocurrencies under President Donald Trump’s administration. Since January, both Congress and the White House have taken steps to establish more defined rules for digital assets, including stablecoin legislation and the CLARITY Act, a market structure bill.
By issuing this joint statement, the SEC and CFTC have provided a clearer path forward for exchanges interested in offering spot crypto trading, which may facilitate better regulation and development of digital assets in the U.S.
