🎁 Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. JOIN NOW! 🔥

SEC and CFTC Open Door to Spot Crypto on Regulated US Exchanges

Key Takeaways

  • ​The SEC and CFTC clarified that licensed US and foreign exchanges can list spot crypto products under current law;
  • Regulators said platforms like NYSE, Nasdaq, and CME may qualify if they follow rules and consult with agency staff;
  • The statement encourages exchanges to engage regulators and meet standards for transparency and customer protection.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

SEC and CFTC Open Door to Spot Crypto on Regulated US Exchanges

Financial regulators in the United States have issued a new statement explaining how licensed exchanges can offer spot crypto trading.

In a joint release, staff from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said that regulated trading platforms, both domestic and certain international ones, may offer spot crypto products under current laws.

This update aims to provide more clarity for exchanges such as national securities exchanges (NSEs), designated contract markets (DCMs), and foreign boards of trade (FBOTs).

What is Defi 2.0? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The statement emphasizes that these activities are not restricted, as long as the platforms follow established rules and remain in touch with the agencies.

The joint note explained that exchange operators are encouraged to reach out to SEC or CFTC staff for assistance or to ask questions. The agencies also stated that they are prepared to review exchange applications, address concerns regarding custody and trade clearing.

They also ensure that new spot offerings meet standards for transparency, market surveillance, and customer protection.

Under this framework, platforms such as the New York Stock Exchange, Nasdaq, CME Group, and Cboe Global Markets, as well as some CFTC-recognized foreign trading boards, may qualify to list spot crypto products. The agencies recommend that these platforms speak directly with regulatory staff before launching any crypto-related services.

Recently, the CFTC introduced a new set of rules for foreign commodity exchanges. What do the rules include? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

CLAIM $100 BONUS

Changelly Welcome Reward
Rating
5.0