The SEC and CFTC announced a joint effort to regulate spot crypto trading in the US, allowing exchanges to list spot crypto products with leverage and margin features. This follows recommendations to keep blockchain innovation in the US, inviting market participants to engage with regulators for guidance.

The SEC and CFTC clarified that exchanges are not prohibited from facilitating certain spot crypto asset products, offering to review exchange filings and address custody and clearing questions. The move aims to ensure new spot markets meet transparency, surveillance, and investor protection standards, with market participants encouraged to reach out with proposals.

While exchanges like Coinbase and Kraken already offer spot trading, the SEC-CFTC statement opens the door for traditional finance venues to list similar products. This development reflects the views of regulators and does not change existing law, signaling a potential shift in the crypto trading landscape.

Read more at Cointelegraph: US Regulators Clarify Rules for Spot Crypto Trading