Summary
- The U.S. SEC and CFTC said they will cooperate to allow certain spot virtual asset trading at authority-approved registered exchanges.
- The two agencies said they are also preparing consumer protection guidelines related to spot trading, including leverage and margin trading.
- The SEC and CFTC said that under current law, registered exchanges are not prohibited from handling certain spot virtual assets.
According to foreign media on the 2nd (local time), the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said they will jointly cooperate to allow spot trading of certain virtual assets (cryptocurrencies) on registered exchanges approved by authorities.
The two agencies are preparing consumer protection guidelines related to spot trading, such as leverage and margin trading, and are organizing the legal and institutional basis to ensure trading can lawfully take place within registered exchanges.
In a joint statement, the SEC and CFTC clarified that under current law registered exchanges are not prohibited from handling certain spot virtual assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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