SEC and CFTC Issue Joint Statement Permitting Crypto Spot Trading

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The SEC’s Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk issued a joint statement expressing their view that current law does not prohibit CFTC-registered designated contract markets (DCMs) and foreign boards of trade (FBOTs), or SEC-registered national securities exchanges (NSEs), from facilitating the trading of certain spot crypto-asset products. The SEC and the CFTC also issued a joint statement on regulatory harmonization efforts.

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