The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) today published a joint declaration on the trade of certain cryptographic assets.
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More specifically, the SEC and the CFTC specify that the registered exchanges are not prohibited from facilitating the trade of certain basic products.
“Today’s joint declaration represents a significant front step to bring in innovation in the cryptographic asset markets to America,” said the president of the SEC, Paul Atkins. “Market players should have the freedom to choose where they exchange cryptographic assets.
In addition, the DIF discussion and markets division and the market surveillance and risk surveillance division of the CFTC compensation and risks coordinate the efforts to facilitate the trading of certain cryptographic asset products on the registered scholarships. This initiative is part of the Crypto SEC and CFTC CRYPTO Sprint project. It is based on the recommendations of the president’s working group on the digital asset markets on the “strengthening of American leadership in digital financial technology”.
“Under the previous administration, our agencies have sent mixed signals to the regulations and compliance in the digital asset markets, but the message was clear: innovation was not welcome. This chapter is finished,” said the acting president of the CFTC, Caroline Pham. “By working together, we can empower American innovation in these markets and rely on President Trump’s collaborative approach to make America the world capital of cryptography. Today’s joint statement is the last demonstration of our mutual objective to support growth and development in these markets, but it will not be the last. ”
Market players are invited to engage with SEC staff or CFTC staff to discuss any questions or concerns they may have.
