9 hours ago
U.S. marketplace regulators took a coordinated measurement to promote the maturation of crypto markets, issuing a associated unit connection connected Sept. 2 that affirmed registered exchanges are not barred from offering definite spot crypto plus products.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said the connection reflects their unit divisions’ shared presumption that regulated platforms tin facilitate spot commodity trades.
The agencies framed the determination arsenic portion of a broader propulsion to grow marketplace choice and bring integer plus innovation backmost onshore.
Coordinated regulatory effort
SEC Chairman Paul Atkins called the associated connection a milestone for the industry, highlighting the agency’s committedness to fostering contention among trading venues.
CFTC Acting Chairman Caroline D. Pham positioned the announcement arsenic a reversal from erstwhile argumentation uncertainty, linking it to President Donald Trump’s propulsion to marque the US “the crypto superior of the world.”
The effort stems from ongoing initiatives: the SEC’s “Project Crypto” and the CFTC’s “Crypto Sprint.” Both programs purpose to modernize regulatory frameworks, gathering connected recommendations from the President’s Working Group connected Digital Asset Markets.
A wide pathway
The agencies’ trading and marketplace oversight divisions said they would proceed engaging with manufacture stakeholders to code concerns and measure imaginable products.
Registered exchanges are encouraged to attack unit astatine either regulator for guidance connected compliance. The connection comes arsenic the CFTC gears up to reconstruct US entree for offshore exchanges aft issuing new guidance past month.
The associated connection indicates that the SEC and CFTC mean to support unfastened channels for dialog and expect further actions to enactment the maturation and improvement of U.S. integer plus markets.
The station SEC and CFTC pave caller regulatory way for US spot crypto markets appeared archetypal connected CryptoSlate.
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