U.S. market regulators have made a significant move to support the growth of crypto markets by issuing a joint staff statement on September 2nd. This statement affirmed that registered exchanges are not prohibited from offering certain spot crypto asset products. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) came together to express their shared view that regulated platforms can facilitate spot commodity trades, signaling a positive step towards expanding market choice and fostering digital asset innovation on American soil.
SEC Chairman Paul Atkins hailed the joint statement as a landmark for the industry, emphasizing the agency’s dedication to promoting competition among trading venues. CFTC Acting Chairman Caroline D. Pham echoed this sentiment, highlighting the shift away from previous policy uncertainties and tying it to President Donald Trump’s vision of establishing the U.S. as the “crypto capital of the world.”
This coordinated regulatory effort is part of ongoing initiatives such as the SEC’s “Project Crypto” and the CFTC’s “Crypto Sprint,” both of which aim to modernize regulatory frameworks in line with recommendations from the President’s Working Group on Digital Asset Markets.
The trading and market oversight divisions of both agencies have committed to ongoing engagement with industry stakeholders to address concerns and evaluate potential products. Registered exchanges are encouraged to seek guidance on compliance from staff at either regulator. This development comes as the CFTC prepares to reopen access for offshore exchanges following the issuance of new guidance last month.
The joint statement underscores the SEC and CFTC’s commitment to maintaining open channels for dialogue with industry participants and hints at further actions to support the growth and development of U.S. digital asset markets. This collaborative approach sets a clear pathway for the future of crypto trading in the United States.
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