The US Securities and Exchange Committee (SEC) and the CFTC Futures Trading Committee (CFTC) issued a joint statement in the corners on Tuesday announcing a coordinated effort to supervise and enable immediate encryption trading in the United States.
Agencies Explained The current law does not prevent American or foreign exchanges, including the national stock exchanges (NSES), the specific contract markets (DCMS) and foreign trade boards (FBOTS) from the inclusion of Crypto Spot products, including those with leverage and marginal leverage features.
This step follows the president’s work group on the recommendations of digital asset markets, which urged the organizers to provide Clarity And maintain Blockchain innovation in the United States.
“Today, the departments provide their point of view that DCMS, FBOTS and NSE are not prohibited from facilitating trading in some instant encryption products. Participants in the market are invited to communicate with SEC employees or CFTC employees, as needed.”
The organizers said they are ready to review the exchange files, address questions related to custody and limited, and to ensure the meeting of the new topical markets of transparency, monitoring and protection of the investor. The market participants were invited to contact SEC or CFTC with proposals and questions.
What does SEC -CFTC mean for immediate coding trading?
While encryption exchanges such as Coinbase and Kaken already provides topical trading, the statement indicates that traditional financing places do not prevent similar products if they choose to follow them.
Currently, this step reflects the view of SEC and CFTC employees only and not changing the current law.
This is a developing story, and more information will be added when available.
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