The U.S. SEC and CFTC have issued a joint statement clarifying that registered exchanges in the U.S. are not prohibited from offering certain spot cryptocurrency transactions.

BlockBeats News, September 3rd, the staff of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have just issued a joint statement, clearly stating that exchanges registered with the SEC and CFTC are not prohibited from offering trading of certain spot crypto asset products.

SEC Chairman Paul Atkins said, "Market participants should be free to choose where to trade spot crypto assets."

CFTC Acting Chair Caroline Pham said, "During the previous administration, our agencies sent mixed signals on the regulation and compliance issues in the digital asset market, but the message conveyed was very clear: innovation was not welcome. That chapter has ended."

This move marks an important step for the two agencies' "Crypto Project" and "Crypto Sprint" initiatives, aimed at coordinating regulation while expanding trading venue options and flexibility for U.S. market participants.