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U.S. financial authorities have confirmed that existing U.S. legislation allows registered exchanges to facilitate spot trading of cryptocurrency assets.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint statement indicating that officially registered U.S. exchanges are permitted to conduct spot trading of cryptocurrencies and related financial products.
The statement highlighted that national securities exchanges (NSE), designated contract markets (DCM), and foreign boards of trade (FBOT) registered with the CFTC encounter no legal barriers to listing and executing transactions involving digital assets, including those that utilize leverage, margin, or financing.
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The agencies conveyed their willingness to swiftly assess applications and proposals from trading platforms and encouraged market participants to engage with them regarding any concerns. Important points emphasized for market participants include:
- Current regulations permit clearing organizations to collaborate with custodians in managing client accounts.
- Data-sharing among exchanges regarding pricing enhances the effectiveness of market oversight.
- Disseminating transaction information offers the public valuable market insights.
- Trading platforms are required to implement suitable principles to ensure equitable execution and competition.
- Regulators are ready to collaborate with industry stakeholders to promote technological advancements while ensuring the protection of investors and clients.
As part of a collaborative initiative, regulators announced joint efforts to establish favorable conditions for crypto-asset trading. This initiative follows recommendations from the President’s Working Group on Digital Asset Markets, particularly concerning the provision of regulatory clarity that fosters blockchain innovation within the United States.
Previously, the administration of President Donald Trump introduced a comprehensive strategy to reform digital asset regulation in the U.S., aimed at fostering innovation, advancing the cryptocurrency market, and safeguarding consumer rights.
Сообщение Spot Crypto Trading in U.S. Allowed on Stock and Commodity Exchanges появились сначала на CoinsPaid Media.
