Staff from two U.S. financial agencies issued a joint statement yesterday (Tuesday). The statement came from staff at the Securities and Exchange Commission and the Commodity Futures Trading Commission.

The statement clarifies the staff's view on trading specific crypto products. It says that exchanges registered with the SEC or CFTC are not banned from facilitating trades for certain spot commodity products. This includes some crypto assets.

Industry Reaction

Commenting on the joint announcement by the SEC and the CFTC regarding the trading of spot crypto asset products, Zumo’s Founder and CEO Nick Jones said: “It’s only right that market participants have the freedom to choose where they trade spot crypto assets – and now they will have access to some of the world’s largest venues, such as the NYSE and Nasdaq.”

“It’s yet another example of the US deliberately and proactively embedding crypto in the mainstream while cementing its leadership in an industry that will come to redefine financial services.”

Jones also contrasted the U.S. approach with regulatory efforts in other major economies.

“While UK legislators and regulators shy around taking any proactive crypto position, it's a reminder that those unashamed to demonstrate pro-crypto leadership are cornering this emerging area of innovation and growth."

Regulatory Leadership Comments

SEC Chairman Paul Atkins said the statement is a “significant step”. He said: “Market participants should have the freedom to choose where they trade spot crypto assets.”

CFTC Acting Chairman Caroline D. Pham also commented. She said the previous administration sent mixed signals on digital asset regulation.

“By working together, we can empower American innovation in these markets and build on President Trump’s collaborative approach to making America the crypto capital of the world. Today’s joint agency statement is the latest demonstration of our mutual objective of supporting growth and development in these markets, but it will not be the last,” she added.

🚨 NEW: The SEC and CFTC have released a joint staff statement under Project Crypto-Crypto Sprint.

This initiative focuses on:
▪️ Coordinating efforts between the two agencies
▪️ Enabling trading of specific spot crypto asset products
▪️ Providing clearer regulatory guidance for… pic.twitter.com/fyvizyPtlo

— Crypto Patel (@CryptoPatel) September 3, 2025

Implementation and Next Steps

The relevant divisions within the SEC and CFTC are coordinating this effort. The goal is to facilitate trading of certain spot crypto products on registered exchanges. This work is part of existing programs called Project Crypto and Crypto Sprint. It also follows recommendations from a report by the President’s Working Group on Digital Asset Markets.

The divisions said they are ready to talk with market participants. They will support their agencies' consideration of exchange trading for these products. Market participants are invited to contact agency staff with questions.