On September 2, U.S. market regulators took coordinated steps to encourage the development of the crypto market, issuing a joint staff statement confirming that registered exchanges are not prohibited from offering certain spot crypto asset products. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said the statement reflects their respective agencies' shared position that regulated platforms can conduct spot commodity trading in compliance with regulations. The two agencies positioned the move as part of an overall effort to expand market choice and bring digital asset innovation back to the domestic market.

SEC Chairman Paul Atkins called the joint statement a milestone for the industry, underscoring the agency’s commitment to promoting competition among trading venues.
CFTC Acting Chairwoman Caroline D. Pham described the announcement as a reversal of previous policy uncertainty and linked it to President Donald Trump’s goal of making the United States the “global crypto capital.” The effort stems from two ongoing initiatives: the SEC’s Project Crypto and the CFTC’s Crypto Sprint. Both projects build on recommendations from the President’s Task Force on Digital Asset Markets and aim to modernize the regulatory framework. The trading and market oversight divisions of both agencies said they will continue to engage with industry stakeholders to address concerns and evaluate potential products. Registered exchanges are encouraged to consult with staff at either regulator regarding compliance matters. It is worth noting that the CFTC is preparing to restore U.S. access to overseas exchanges after issuing new guidance last month.
The joint statement indicates that the SEC and CFTC intend to maintain open channels of dialogue and expect to take further action to support the growth and development of the U.S. digital asset market.