The American Securities and Exchange (SEC) commission and the Commodity Futures Trading Commission (CFTC) published a joint statement on Tuesday by announcing a coordinated effort to supervise and allow crypto trading in the United States.
The agencies have specified that the existing law does not prevent regulated American or foreign exchanges, such as the national trays of securities (NSE), contractual markets (DCMS) and foreign commercial advice (FBOTS) to list the Spot cryptographic products, including those with leverage and margin characteristics.
This decision follows the president’s working group on the recommendations of the digital asset markets, which urged regulators to give clarity and maintain blockchain innovation in the United States.
“Today, the divisions provide that the DCMS, the FBot and the NSE are not prohibited from facilitating the trade of certain cryptographic assets.
The regulators said they were ready to examine exchange deposits, answer questions about custody and compensation and ensure that new cash markets meet the standards of transparency, surveillance and investor protection. Market players were invited to contact the SEC or CFTC with proposals and questions.
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While crypto exchanges such as Coinbase and Kraken already offer trading to the point, the declaration indicates that traditional financing places are not prohibited from listing similar products if they choose to continue them.
As part of the staff guidelines, the main regulated sites such as NASDAQ, the New York Stock Exchange, the CME group and the CBOE global markets, as well as certain foreign commercial advice recognized by the CFTC, can be eligible for listing cryptographic products.
Staff directives are the latest sign of how American policy on digital assets has moved under the administration of US President Donald Trump.
https://www.youtube.com/watch?v=0bx9alzw1ui
Since January, the Congress and the White House have been pressure for clearer rules around cryptographic markets, from the supervision of the stable such as the engineering law to define the roles of the dry and the CFTC.
On July 17, the House of Representatives adopted the Clarity Act, a bill on the structure of the market for cryptocurrencies which will now be taken into account in the Senate.
In July, the president’s working group on the digital asset markets published an urgent report on regulators to provide a “regulatory clarity that best maintains innovation based on blockchain in the United States”, specifically calling for dry and CFTC to coordinate on cryptographic trading.
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