The US stock and values commission. UU. (SEC) and the Basic Products Trade Commerce (CFTC) issued a joint statement of the personnel on Tuesday that announced a coordinated effort to supervise and enable the spot cryptography trade in the United States.
The agencies clarified that the existing law does not prevent regulated exchanges from USA or foreigners, including the exchanges of national values (NSE), the designated contract markets (DCM) and the foreign trade joints (FBOT) of the list of spot encryption products, including those with leverage and margin characteristics.
The measure follows the president’s work group on recommendations for digital asset markets, which urged regulators to provide clarity and maintain blockchain innovation within the United States.
“Today, the divisions provide their opinion that DCMS, FBOT and NSE are not prohibited from facilitating the trade of certain cryptography assets products. Market participants are invited to interact with the CFTC staff or CFTC staff, as necessary.”
Regulators said they are ready to review exchange presentations, address questions about custody and compensation, and ensure that the new spot markets comply with transparency, surveillance and protection standards of investors. Market participants were invited to contact the SEC or CFTC with proposals and questions.
What the SEC -CFTC declaration means for spot cryptography trade
While encryption exchanges such as Coinbase and Kraken already offer spot trade, the statement indicates that traditional finance places are not prohibited by listing similar products if they choose to chase them.
For now, the measure reflects the opinion of the staff of SEC and CFTC alone and does not change the existing law.
This is a development story, and more information will be added as available.
