With Donald Trump's victory in the elections, many positive steps have been taken regarding cryptocurrencies in the USA. Now, a joint statement has come from the country's two major financial regulators, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The two institutions overseeing the markets did not specify any particular cryptocurrency, but the statement used the phrase "leveraged, margin, and spot retail commodity transactions centered around crypto products."
CFTC Chairman: Another Crypto Victory...
Caroline Pham, who is still sitting in the temporary chair of the CFTC, also stated in a tweet where she tagged SEC chairman Paul Atkins, "It is a great pleasure to work with the SEC... Another victory has been achieved in regulations for crypto transactions. Transactions can be made safely on registered exchanges."
"Spot transactions may start soon"
Matthew Sigel, who is the Director of Digital Asset Research at VanEck, said in a tweet regarding the matter, "This joint statement indicates that spot trading for Bitcoin, Ethereum, and other cryptocurrencies may soon begin on major stock exchanges."
"A vague statement..."
However, Amanda Fischer, one of the SEC executives from the Gary Gensler era, stated that the lack of details in the announcement has created uncertainty:
"The explanation may seem to create great excitement, but the details are unclear. There is ambiguity. The problem here is that the SEC has no authority to impose rules for spot commodity/crypto transactions on stock exchanges. A clear framework is not presented in the explanation."
Published: September 3, 2025 08:32Last Updated: September 3, 2025 08:39
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Joint statement from SEC and CFTC: Crypto assets are getting approval
With Donald Trump's victory in the elections, many positive steps have been taken regarding cryptocurrencies in the USA. Now, a joint statement has come from the country's two major financial regulators, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The two institutions overseeing the markets did not specify any particular cryptocurrency, but the statement used the phrase "leveraged, margin, and spot retail commodity transactions centered around crypto products."
CFTC Chairman: Another Crypto Victory...
Caroline Pham, who is still sitting in the temporary chair of the CFTC, also stated in a tweet where she tagged SEC chairman Paul Atkins, "It is a great pleasure to work with the SEC... Another victory has been achieved in regulations for crypto transactions. Transactions can be made safely on registered exchanges."
"Spot transactions may start soon"
Matthew Sigel, who is the Director of Digital Asset Research at VanEck, said in a tweet regarding the matter, "This joint statement indicates that spot trading for Bitcoin, Ethereum, and other cryptocurrencies may soon begin on major stock exchanges."
"A vague statement..."
However, Amanda Fischer, one of the SEC executives from the Gary Gensler era, stated that the lack of details in the announcement has created uncertainty:
"The explanation may seem to create great excitement, but the details are unclear. There is ambiguity. The problem here is that the SEC has no authority to impose rules for spot commodity/crypto transactions on stock exchanges. A clear framework is not presented in the explanation."
Published: September 3, 2025 08:32Last Updated: September 3, 2025 08:39