SEC, CFTC exchanges receive blessing to facilitate spot cryptography trade

Exchanges registered with the The US stock and values ​​commission. UU. And the Basic Future Trade Commission must facilitate the trade of some Crypto Spot products, The two agencies announced in a joint statement Tuesday.

The SEC and CFTC, the main regulators of the asset markets, did not mention specific digital assets, but said that their joint declaration of the personnel covers cryptographic products focused on “leverage, margin and financial transactions of retail products.”

Earlier this year, a report, called “Strengthening of American leadership in Digital Financial Technology” and issued by the president’s working group in digital asset markets, asked the agencies to provide “regulatory clarity” about those assets, including other problems.

According to the law, registered exchanges are not prohibited from facilitating the trade of these products of Cryptographic Assets, said on Tuesday.

“As contemplated by the PWG report, the coordination of the divisions will promote the choice of place and the optional for market participants within the USA.”, Dea the Joint Declaration. “In line with these objectives, the divisions are ready to support the consideration of their respective exchange exchange agencies in certain Spot Crypto Asset products.

The statement is among the last evidence of the regulatory environment in rapid improvement for digital assets under the Trump administration.

In the eight months since Donald Trump has been in office, the SEC and CFTC have eliminated multiple demands against prominent cryptographic organizations and repeatedly indicated their willingness to work with an industry that supported Trump’s 2024 campaign.

“Proud to work together with @Secpaulkins To deliver another victory over regulatory clarity to exchange cryptography how you want and where you want, safely in registered exchanges, “aThe president of CFTC, Caroline Pham, wrote in a publication on the social media platform X.

The designated contract markets registered by CFTC, the Foreign Trade Board and the transactions of basic products that appear in a bag of national values ​​registered in the SEC “will not be prohibited from facilitating the trade of certain ASSET products of Crypto Spot,” says the statement.

Regulators invited “market participants to interact with SEC or CFTC staff, as necessary.”

Among other points, agencies said the applicable rules will allow compensation houses to be associated with a custodian to keep customer accounts.

They recommended “share reference price places for NSses, DCMS and FBOT to improve market surveillance.

In an X publication, Vaneck’s investigation of Digital Assets Matthew Sigel wrote that the statement suggested that the main capital exchanges, including Nyse and Nasdaq, “soon they would have a spot trade by BTC, ETH and more.”

But Amanda Fischer, former chief of Cabinet of the SEC of Gary Gensler, distrusts that possibility and expressed concerns about the vagueness of the declaration and the absence of regulation.

“There is a lot of fanfare, but this statement does not really answer any questions,” Fischer wrote in an X thread. “The problem is that the exchange, as an self -regulating organization, and the SEC will have very little or no legal authority to establish rules, examine or enforce the rules of trade or client around the basic products that are quoted in exchange of values.”