SEC, CFTC-Registered Exchanges Receive Blessing to Facilitate Spot Crypto Trading

In brief

  • The joint statement covers crypto products focused on leverage, margin and financed spot retail commodity transactions.
  • One market observer expects spot crypto assets to receive listings on major equity indexes.
  • Regulators are inviting market participants to engage with SEC or CFTC staff.

Exchanges registered with the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission should be allowed to facilitate trading of some spot crypto products, the two agencies announced in a joint statement on Tuesday.

The SEC and CFTC, the primary regulators of asset markets, did not mention specific digital assets, but said their joint staff statement covers crypto products centered on “leverage, margin, and…

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