SEC and CFTC Pave New Regulatory Path for US Spot Crypto Markets

U.S. market regulators have taken a coordinated step to encourage the growth of crypto markets. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint staff statement affirming that registered exchanges are not barred from offering certain spot crypto asset products.

The MOVE reflects a shared view that regulated platforms can facilitate spot commodity trades. SEC Chairman Paul Atkins called it a milestone for the industry, emphasizing the agency's commitment to fostering competition among trading venues. CFTC Acting Chairman Caroline D. Pham linked the announcement to broader efforts to position the U.S. as a global crypto leader.

This regulatory push stems from ongoing initiatives like the SEC's 'Project Crypto' and the CFTC's 'Crypto Sprint,' which aim to modernize frameworks for digital assets. The agencies plan continued engagement with industry stakeholders to address concerns and assess potential products.