In a joint statement, the SEC and CFTC said existing law does not block regulated exchanges from listing spot crypto products.
The SEC–CFTC spot crypto statement clarifies that existing law does not prohibit regulated US or foreign exchanges from listing spot crypto products; agencies invite exchanges to file proposals and engage staff on custody, clearing, surveillance, and investor-protection measures.
Regulators say regulated exchanges may list spot crypto products without a legal ban.
SEC and CFTC staff invited market participants to file proposals and ask questions on custody and clearing.
Agencies emphasized standards for transparency, market surveillance, and investor protection; linked recommendations: President’s Working Group on Digital Asset Markets.
SEC–CFTC spot crypto statement: regulators confirm regulated exchanges can list spot crypto products; read required steps to file, address custody, and protect investors now.
What does the SEC–CFTC statement mean for spot crypto trading?
The SEC–CFTC spot crypto statement signals that, in the view of staff at both agencies, existing law does not prevent regulated US or foreign exchanges from listing spot crypto products. The guidance invites exchanges to file proposals and consult with SEC or CFTC staff on custody, clearing and surveillance requirements.
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The joint staff statement clarified that national securities exchanges (NSEs), designated contract markets (DCMs), and foreign boards of trade (FBOTs) are not necessarily barred from facilitating trading in spot crypto products. Agencies highlighted that products with margin or leverage features should meet applicable rules and investor-protection standards.
The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint staff statement announcing coordinated oversight to enable spot crypto trading in the United States. The agencies clarified that existing law does not prevent regulated US or foreign exchanges—including national securities exchanges, designated contract markets and foreign boards of trade—from listing spot crypto products, including those with leverage and margin features.
The move follows recommendations from the President’s Working Group on Digital Asset Markets, which urged regulators to provide clarity and to keep blockchain innovation within the United States. Regulators said they stand ready to review exchange filings, address questions on custody and clearing, and ensure new spot markets meet standards for transparency, surveillance, and investor protection.
“Today, the Divisions provide their view that DCMs, FBOTs, and NSEs are not prohibited from facilitating the trading of certain spot crypto asset products. Market participants are invited to engage with SEC staff or CFTC staff, as needed.”
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Source: https://en.coinotag.com/sec-and-cftc-staff-suggest-regulated-exchanges-could-list-bitcoin-spot-products-invite-filings/