The Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a coordinated statement on Sept. 2, 2025, affirming that both SEC-registered national securities exchanges and CFTC-registered designated contract markets and foreign board of trade platforms are not prohibited from facilitating trading in certain spot crypto asset products.
In the first joint policy announcement by the two agencies under the new administration, SEC Chairman Paul Atkins and Acting CFTC Chair Caroline Pham emphasized that existing regulated entities may engage in spot crypto asset trading without waiting for additional statutory frameworks. Both leaders underscored their mutual objective to support growth and development in the digital asset markets while encouraging market participants to contact agency staff for guidance on fair and orderly market principles.
The statement did not specify individual crypto assets but pointed to the agencies’ respective authorities under “Project Crypto” and the CFTC’s “crypto sprint” initiative. The announcement arrives amid Congressional deliberations on comprehensive crypto market structure legislation. It signals regulatory alignment intended to improve market clarity and efficiency prior to enactment of new law.
Regulated platforms seeking to offer spot crypto trading are advised to engage with SEC and CFTC staff to ensure compliance with securities and commodities regulations. The agencies pledged ongoing coordination and further guidance as part of broader efforts to position the U.S. as a leading global crypto hub.
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