SEC-CFTC Team Up: Could It Pave the Way for Spot Crypto Trading on Major US Exchanges?

U.S. crypto market regulators have collaboratively clarified that registered exchanges are not restricted from listing and facilitating trading in specific spot crypto commodity products. The joint statement from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), issued on 2 September 2025, confirmed that registered exchanges, such as National Securities Exchanges (NSEs), Designated Contract Markets (DCMs), and Foreign Boards of Trade (FBOTs), are permitted to trade “certain spot commodity products” in the crypto asset sector.

“Participants in the market should have the autonomy to decide where they trade spot crypto assets,” stated SEC Chairman Paul Atkins. “The SEC remains dedicated to collaborating with the CFTC to ensure that our regulatory frameworks foster innovation and competition in these swiftly advancing markets.”

Does this clarification eliminate a perceived legal obstacle for some of the largest U.S. trading venues to establish spot crypto markets? Indeed. It potentially also opens the door for significant brokerages that direct orders to these exchanges. More crucially, it signifies a policy transition towards moving digital asset trading market activity under synchronized SEC-CFTC oversight.

Today the SEC and @CFTC issued a Joint Statement clarifying staff’s views that SEC- and CFTC- registered exchanges are not prohibited from facilitating the trading of certain spot commodity products: https://t.co/stsgiQTXjf

— U.S. Securities and Exchange Commission (@SECGov) September 2, 2025

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SEC, CFTC Effort Is Part Of SEC’s Project Crypto And CFTC’s Crypto Sprint

The statement indicated – This initiative is part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint, building on the recommendations from the President’s Working Group on Digital Asset Markets report on ‘Strengthening American Leadership in Digital Financial Technology.’

Significantly, the SEC-CFTC joint statement may resolve a longstanding uncertainty that has dissuaded many traditional platforms from launching spot crypto markets. Nevertheless, there is evident trader buyer interest for regulated entry points.

“Under the previous administration, our agencies communicated mixed signals regarding crypto law and crypto law in the digital asset markets, but the clear message was: innovation was unwelcome. That era has passed,” remarked CFTC Acting Chairman Caroline Pham.

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SEC-CFTC Initiate Crypto Sprint To Revise US Regulations

In August 2025, the CFTC initiated a “crypto sprint.” Acting Chair Caroline Pham confirmed that the CFTC is collaborating with the SEC to expedite aspects of Trump’s crypto plan. This decision follows a White House report that outlines a vision for the U.S. to become the “crypto capital of the world.”

The CFTC authorized 24/7 trading and approved perpetual futures on regulated platforms. It also reversed some prior internal guidance that many believed restricted the industry. Furthermore, the agency initiated its first-ever Crypto CEO Forum, giving industry leaders direct communication with regulators. Discussions have already begun about initiating pilot programs to price floor tokenization and on-chain market infrastructure. 

The SEC commenced its own initiative called Project Crypto. The objective is to revise the securities regulations for a digital era. This encompasses providing clarity on how tokens ought to be classified. It enhances access to capital via mechanisms such as airdrops and ICOs. Additionally, it facilitates the issuance of tokenized versions of traditional assets.

Read More: CFTC and SEC Launch Crypto Sprint to Revise U.S. Regulations

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