US Regulators Take a Step Forward for Spot Crypto Trading

The SEC and CFTC have jointly announced support for spot crypto trading on registered exchanges, a move that signals a significant shift in U.S. regulatory approach towards digital assets. This clarification removes ambiguity regarding the permissible scope of trading certain spot crypto products by SEC- and CFTC-registered exchanges. By aligning with initiatives like Project Crypto and the Crypto Sprint, this coordinated effort encourages innovation while ensuring regulatory oversight. The joint statement from the SEC and CFTC emphasizes a commitment to promoting market choice for traders.