SEC and CFTC Clarify Stance on Crypto Asset Trading

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint statement clarifying that exchanges registered with both agencies are not prohibited from offering certain spot crypto asset products for trading. SEC Chairman Paul Atkins emphasized that market participants should have the freedom to choose where to trade spot crypto assets. CFTC Acting Chairman Caroline Pham noted that during the previous administration, their agencies sent mixed signals regarding regulation and compliance in the digital asset market, suggesting that innovation was unwelcome. She stated that this chapter has now ended. This move marks a significant step forward for the "Project Crypto" and "Crypto Sprint" initiatives by the two major agencies, aiming to coordinate regulation while expanding trading venue options and flexibility for U.S. market participants.