TechFlow news, September 3 — According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement allowing registered platforms to conduct spot cryptocurrency trading.
SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham stated that designated contract markets (DCMs) registered with the CFTC, foreign boards of trade (FBOTs), and national securities exchanges (NSEs) registered with the SEC may all engage in spot trading of certain crypto assets. The two regulatory agencies will actively communicate with trading venues to ensure markets operate fairly and orderly. The move aims to open a pathway for digital assets into the existing financial regulatory framework ahead of congressional passage of crypto market legislation.
