SEC, CFTC Clear Path for Spot Crypto Trading on Registered Exchanges

The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission have jointly clarified that registered exchanges can now facilitate spot trading for certain crypto assets. This marks a pivotal shift in regulatory stance under the Trump administration, addressing years of uncertainty that stifled institutional participation.

SEC Chairman Paul Atkins framed the MOVE as reclaiming America's role in crypto innovation, while CFTC Acting Chair Caroline Pham criticized previous "mixed signals" that discouraged market development. The coordination between the agencies' market oversight divisions signals concrete progress toward establishing compliant trading venues.

The policy shift aligns with President Trump's stated goal of making the U.S. the global hub for digital asset markets. Market participants now gain clearer pathways to trade spot crypto products through regulated channels, potentially accelerating institutional adoption.