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The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will enable spot crypto trading on major US exchanges in another landmark step toward mainstream adoption.
The move paves the way for leading exchanges such as the Nasdaq, New York Stock Exchange (NYSE), Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) to offer spot crypto trading for Bitcoin (BTC), Ethereum (ETH) and other cryptos.
“Crypto trading going mainstream,” said Nate Geraci, president of NovaDius Wealth Management. “Will be on world’s largest venues. Next stop after that? Every major traditional brokerage.”
Joint statement from SEC & CFTC today on trading of spot crypto assets…
Main takeaway? Crypto trading going mainstream.
Will be on world’s largest venues.
Think NYSE, Nasdaq, etc.
Next stop after that?
Every major traditional brokerage.
I know you’re paying attention now. pic.twitter.com/yybp5MNGcW
— Nate Geraci (@NateGeraci) September 3, 2025
SEC Chair Paul Atkins Says Investors Should Have Freedom To Trade Spot Crypto
New SEC Chair Paul Atkins said in a statement that the move will help bring innovation in the crypto asset markets back to America.
“Market participants should have the freedom to choose where they trade spot crypto assets,” he said.
Acting CFTC Chair Caroline Pham said previous administrations and regulators had “sent mixed signals about regulation and compliance in digital asset markets,” and that it was clear innovation was not welcome.
“That chapter is over,” she said.
With US regulatory agencies collaborating, Pham says that they will be able to “empower American innovation” in the crypto markets to “build on President Trump’s collaborative approach to making America the crypto capital of the world.”
In a joint statement, the agencies clarified that the “current law does not prevent any regulated or foreign exchanges from facilitating the trading of certain spot crypto asset products.” These include products that let users trade with leverage and margin.
The US regulators invited exchanges, including designated contract markets (DCMs), national securities exchanges (NSEs) and foreign boards of trade (FBOTs), to engage with them “as needed.”
In the statement, the CFTC and SEC also said that they are ready to review exchange filings and address any questions regarding the custody and clearing of digital assets to ensure that any new spot market providers meet transparency, investor protection and surveillance standards.
There are already exchanges in the US that offer spot crypto trading, including Coinbase, Kraken and Gemini. However, these platforms are not NSEs or DCMs. Therefore, they don’t fall under the same federal market structure that major traditional exchanges do.
Regulators Aims To Bring Crypto “Back To America”
Both the SEC and CFTC have launched pro-crypto initiatives this year following guidance received from US President Donald Trump’s crypto working group.
The SEC, under new leadership, unveiled its “Project Crypto” initiative, which aims to ease licensing requirements for crypto service providers.
Meanwhile, the CFTC’s “Crypto Sprint” also acts on the 166-page report received by the White House, which made a total of 18 recommendations to the agency. Two of these applied directly to the CFTC, while the remaining sixteen recommendations involved other agencies such as the SEC and the Treasury.
🔥 SEC x CFTC: The Tag Team Begins
Under Project Crypto-Crypto Sprint, the SEC and CFTC dropped a joint statement. Goal: enable spot crypto trading and bring clarity to exchanges. pic.twitter.com/KAfzaZ5nWl
— Rodney (@cryptojourneyrs) September 3, 2025
Under the previous Administration, the crypto industry was hit with several lawsuits by the SEC due to the vague classification of cryptocurrencies as securities. This forced US crypto companies to move offshore in search of a friendlier regulatory climate.
Now, both the SEC and CFTC are looking to bring those companies back to the US.
Trump has already signed the GENIUS Act into law, a key stablecoin legislation that establishes the rules of the road for issuers in the US. Earlier in the year, he also signed an executive order to create a Strategic Bitcoin Reserve.
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