US SEC and CFTC join forces to clear obstacles for registered company spot cryptocurrency transactions

PANews September 3 news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said in a joint statement that certain crypto assets can be traded if they can be approved by the two U.S. market regulators; the statement also pointed out that now registered trading platforms can conduct such business with permission from the two agencies.

Tuesday's statement also pointed out that the two are jointly promoting the trading of certain spot crypto asset products on registered exchanges. The two institutions believe that designated contract markets registered by the US CFTC, as well as national stock exchanges registered by the SEC, can promote related transactions, and also invite relevant entities to contact to determine the promotion method. SEC Chairman Paul Atkins said market participants should have the right to choose freely in the trading venue. CFTC Acting Chairman Caroline Pham said the statement highlights their common goal of supporting these market growth and development, and will not be the last time. The statement on Tuesday did not mention a specific cryptocurrency, and regulators said they were ready to communicate with trading venues on market principles.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.