US Regulators Confirm Spot Crypto Trading Is Allowed on Registered Exchanges
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) announced that registered exchanges can now facilitate spot crypto trading under current laws.
The joint statement indicates that platforms like the New York Stock Exchange, Nasdaq, CBOE, and CME can list selected digital asset products without legal barriers.
Key points include:
- SEC Chair Paul Atkins emphasized the freedom for market participants to choose trading venues for spot crypto assets.
- CFTC Acting Chair Caroline Pham stated the mixed signals on crypto regulation are over.
- The new framework allows spot trading of Bitcoin and Ethereum alongside traditional equities and futures.
- Registered exchanges must comply with strict standards, including custodial protection and market surveillance to prevent fraud.
- Transparent pricing mechanisms are crucial for maintaining investor trust.
- Spot crypto trading offers instant ownership at market prices, potentially attracting institutional investors and enhancing liquidity.
This decision builds on previous initiatives aimed at aligning digital asset oversight and reinforces the U.S. commitment to becoming a global hub for regulated crypto markets.
Industry leaders view this as a significant advancement, with the potential to connect crypto markets to traditional finance.
