The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have rarely issued a joint statement confirming that registered exchanges such as the New York Stock Exchange (NYSE), Nasdaq (NASDAQ), Chicago Board Options Exchange (CBOE), and Chicago Mercantile Exchange (CME) are now permitted to support certain Crypto Assets spot trading.
This means that the Wall Street exchange will be able to directly trade mainstream crypto assets such as Bitcoin (BTC) and Ethereum (ETH), and may open the door for tokens like XRP, SOL, and DOGE that are awaiting ETF approval.
Regulatory Consensus: The Era of Chaos is Over
For many years, the cryptocurrency market has been plagued by regulatory uncertainty from Washington. Now, SEC Chairman Paul Atkins has stated that this is "an important step in bringing crypto innovation back to the United States," emphasizing that market participants should have the freedom to choose where to trade spot crypto assets.
CFTC Acting Chair Caroline D. Pham stated that the era of mixed signals is over, and the United States will be built into the "world capital of Crypto Assets" under President Trump's policies.
What will happen next?
The SEC and CFTC will coordinate the trading and clearing sectors to ensure that exchanges can smoothly launch the Crypto Assets spot market, and invite exchanges and market participants to communicate directly when developing new products.
This initiative is part of the SEC's "Project Crypto" and the CFTC's "Crypto Sprint" program, aimed at simplifying regulatory processes, accelerating product approvals, and consolidating the United States' leadership in the digital finance sector.
ETF Perspective: XRP, SOL May Welcome Opportunities
Although the statement does not directly mention ETFs, the timing is intriguing. Currently, the SEC still has over 90 applications for crypto spot ETFs, including Bitcoin and Ethereum ETFs.
With the approval of spot trading, the market generally believes that the approval of ETFs may accelerate, which could make the ETF applications for popular tokens like XRP, SOL, and DOGE more viable.
If the ETF is listed, it will bring more institutional capital inflow to these assets, enhancing market liquidity and price stability.
Why is this important?
To Wall Street: Major exchanges can directly offer crypto spot trading, opening up new sources of revenue.
To investors: More regulated trading platforms mean a safer and more transparent investment environment.
For the crypto market: The acceleration of ETF approvals will speed up the mainstreaming process of Crypto Assets and shorten the distance between traditional finance and blockchain.
Conclusion
The joint statement from the SEC and CFTC marks a significant breakthrough in U.S. regulation of Crypto Assets spot trading. For potential ETF candidates like XRP and SOL, this could be a key step in opening the floodgates for institutional funds. In the coming months, the progress of ETF approvals and the pace of spot listings on Wall Street exchanges will become core indicators to watch in the crypto market.
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Wall Street will have direct access to encryption Spot! SEC and CFTC join forces to potentially greenlight XRP and SOL ETF.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have rarely issued a joint statement confirming that registered exchanges such as the New York Stock Exchange (NYSE), Nasdaq (NASDAQ), Chicago Board Options Exchange (CBOE), and Chicago Mercantile Exchange (CME) are now permitted to support certain Crypto Assets spot trading.
This means that the Wall Street exchange will be able to directly trade mainstream crypto assets such as Bitcoin (BTC) and Ethereum (ETH), and may open the door for tokens like XRP, SOL, and DOGE that are awaiting ETF approval.
Regulatory Consensus: The Era of Chaos is Over
For many years, the cryptocurrency market has been plagued by regulatory uncertainty from Washington. Now, SEC Chairman Paul Atkins has stated that this is "an important step in bringing crypto innovation back to the United States," emphasizing that market participants should have the freedom to choose where to trade spot crypto assets.
CFTC Acting Chair Caroline D. Pham stated that the era of mixed signals is over, and the United States will be built into the "world capital of Crypto Assets" under President Trump's policies.
What will happen next?
The SEC and CFTC will coordinate the trading and clearing sectors to ensure that exchanges can smoothly launch the Crypto Assets spot market, and invite exchanges and market participants to communicate directly when developing new products.
This initiative is part of the SEC's "Project Crypto" and the CFTC's "Crypto Sprint" program, aimed at simplifying regulatory processes, accelerating product approvals, and consolidating the United States' leadership in the digital finance sector.
ETF Perspective: XRP, SOL May Welcome Opportunities
Although the statement does not directly mention ETFs, the timing is intriguing. Currently, the SEC still has over 90 applications for crypto spot ETFs, including Bitcoin and Ethereum ETFs.
With the approval of spot trading, the market generally believes that the approval of ETFs may accelerate, which could make the ETF applications for popular tokens like XRP, SOL, and DOGE more viable.
If the ETF is listed, it will bring more institutional capital inflow to these assets, enhancing market liquidity and price stability.
Why is this important?
To Wall Street: Major exchanges can directly offer crypto spot trading, opening up new sources of revenue.
To investors: More regulated trading platforms mean a safer and more transparent investment environment.
For the crypto market: The acceleration of ETF approvals will speed up the mainstreaming process of Crypto Assets and shorten the distance between traditional finance and blockchain.
Conclusion
The joint statement from the SEC and CFTC marks a significant breakthrough in U.S. regulation of Crypto Assets spot trading. For potential ETF candidates like XRP and SOL, this could be a key step in opening the floodgates for institutional funds. In the coming months, the progress of ETF approvals and the pace of spot listings on Wall Street exchanges will become core indicators to watch in the crypto market.