SEC and CFTC Joint Statement: Opening the Compliance Door for Spot Encryption Trading on Traditional Exchanges
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a statement on September 2, providing clear regulatory guidance for the Spot encryption cryptocurrency trading market.
This statement confirms that regulated exchange platforms, including national securities exchanges registered with the SEC, designated contract markets registered with the CFTC, and their recognized foreign exchanges, will be able to legally provide Spot encryption asset trading services, and may even allow the development of leveraged or margin products.
This policy shift aims to end the long-standing regulatory uncertainty that has plagued the market and pave the way for traditional financial institutions to enter the encryption market.
This joint statement is seen as a key step in the United States implementing the recommendations of the President's Working Group on Digital Asset Markets, and it responds to the government's strategic goal of keeping encryption innovation domestic.
The SEC stated that the announcement is an important milestone in promoting industry competition and market modernization, while the CFTC further pointed out that the initiative reverses the previously ambiguous policy environment and aligns with the United States' ambition to become a global encryption hub.
The statement also paved the way for mainstream exchanges such as Nasdaq, the New York Stock Exchange, and the Chicago Mercantile Exchange to participate in the encryption market, significantly enhancing the acceptance and liquidity of encryption assets.
Regulatory agencies also stated that they are willing to provide Compliance guidance to applicant institutions, assisting in addressing key issues including custody, clearing, and investor protection.
Although this joint statement has not yet formed a final legal basis, it represents the common position of the SEC and CFTC, demonstrating the positive progress made by the two major regulatory agencies in coordinating encryption regulation.
Currently, the industry generally believes that this move will not only help attract institutional funds into the market but also promote the U.S. encryption market to evolve towards a more transparent and compliant direction.
In summary, the joint statement from the SEC and CFTC indicates that the two agencies are committed to maintaining an open regulatory environment and further supporting the growth and development of the U.S. digital asset market through ongoing dialogue channels.
Next, the market will closely monitor the progress of the "CLARITY Act" in Congress, which may further shape the regulatory landscape for encryption assets in the United States.
#Joint Statement by SEC and CFTC
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SEC and CFTC Joint Statement: Opening the Compliance Door for Spot Encryption Trading on Traditional Exchanges
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a statement on September 2, providing clear regulatory guidance for the Spot encryption cryptocurrency trading market.
This statement confirms that regulated exchange platforms, including national securities exchanges registered with the SEC, designated contract markets registered with the CFTC, and their recognized foreign exchanges, will be able to legally provide Spot encryption asset trading services, and may even allow the development of leveraged or margin products.
This policy shift aims to end the long-standing regulatory uncertainty that has plagued the market and pave the way for traditional financial institutions to enter the encryption market.
This joint statement is seen as a key step in the United States implementing the recommendations of the President's Working Group on Digital Asset Markets, and it responds to the government's strategic goal of keeping encryption innovation domestic.
The SEC stated that the announcement is an important milestone in promoting industry competition and market modernization, while the CFTC further pointed out that the initiative reverses the previously ambiguous policy environment and aligns with the United States' ambition to become a global encryption hub.
The statement also paved the way for mainstream exchanges such as Nasdaq, the New York Stock Exchange, and the Chicago Mercantile Exchange to participate in the encryption market, significantly enhancing the acceptance and liquidity of encryption assets.
Regulatory agencies also stated that they are willing to provide Compliance guidance to applicant institutions, assisting in addressing key issues including custody, clearing, and investor protection.
Although this joint statement has not yet formed a final legal basis, it represents the common position of the SEC and CFTC, demonstrating the positive progress made by the two major regulatory agencies in coordinating encryption regulation.
Currently, the industry generally believes that this move will not only help attract institutional funds into the market but also promote the U.S. encryption market to evolve towards a more transparent and compliant direction.
In summary, the joint statement from the SEC and CFTC indicates that the two agencies are committed to maintaining an open regulatory environment and further supporting the growth and development of the U.S. digital asset market through ongoing dialogue channels.
Next, the market will closely monitor the progress of the "CLARITY Act" in Congress, which may further shape the regulatory landscape for encryption assets in the United States.
#Joint Statement by SEC and CFTC