U.S. market regulators took a coordinated step to encourage the growth of crypto markets, issuing a joint staff statement on Sept. 2 that affirmed registered exchanges are not barred from offering certain spot crypto asset products.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said the statement reflects their staff divisions’ shared view that regulated platforms can facilitate spot commodity trades.
SEC Chairman Paul Atkins called the joint statement a milestone for the industry, highlighting the agency’s commitment to fostering competition among trading venues.
The agencies’ trading and market oversight divisions said they would continue engaging with industry stakeholders to address concerns and assess potential products.
The joint statement indicates that the SEC and CFTC intend to maintain open channels for dialogue and anticipate further actions to support the growth and development of U.S. digital asset markets.
