The U.S. SEC and CFTC issued a joint statement that registered exchanges in the U.S. are not prohibited from offering trading of certain spot crypto assets

ChainCatcher News, the staff of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have just issued a joint statement clarifying that exchanges registered with the SEC and CFTC are not prohibited from offering trading in certain spot cryptocurrency products.

SEC Chairman Paul Atkins stated, "Market participants should have the freedom to choose where to trade spot cryptocurrency assets." CFTC Acting Chair Caroline Pham remarked, "During the last administration, our agencies sent mixed signals regarding the regulation and compliance of the digital asset market, but the message was clear: innovation was not welcome. That chapter is over." This move marks an important step forward for the two agencies' "Project Crypto" and "Crypto Sprint" initiatives, aimed at coordinating regulation while expanding the choices and flexibility of trading venues for U.S. market participants.