SEC and CFTC Green Green Light Crypto in cash on regulated platforms in the US

By Hannah Pérez

The SEC and the CFTC are opening the path so that the platforms registered in the US.

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• Financial regulators in the US.
• They issued a joint statement clarifying that registered platforms can operate.
• Users “must have the freedom to choose where they trade with cash,” ATKINS said.
• It is part of the SEC and CFTC efforts to provide clear rules to cryptocurrencies.

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The two main financial regulators in the United States are paving the way for platforms registered in the country to offer cryptocurrency trade in cash to US consumers.

The stock exchange and securities commission (SEC) and the US Future Trade Commission (CFTC) of the USA. UU. They issued a joint statement that allows registered platforms to facilitate operations of purchase and direct sale of cryptographic assets in the market to cash (spot), marking a significant advance in the regulation of cryptocurrencies in the country.

According to the official statement, the registered platforms, such as the designated contract markets (DCM), foreign trade bags (FBOT) regulated by the CFTC, and the National Securities Bags (NSE) supervised by the SEC, They are not prohibited from operating with certain cryptocurrency products in cash. Both agencies invited these entities to contact their staff to clarify details and ensure compliance with fair and ordered market principles.

“The joint statement of today’s staff represents an important step forward to return innovation in cryptoactive markets to the United States“Said the president of the SEC, Paul Atkins.”Market participants must have the freedom to choose where they trade with cryptoactives in cash ”.

For her part, the interim president of the CFTC, Caroline D. Pham, stressed that this measure reflects the joint objective of supporting growth and innovation in crypto markets, in line with the vision of President Donald Trump to position the US “World Crypto Center”.

On the way to a new crypto regulation

The statement is part of the “Project Crypto” initiatives of the SEC and “Crypto Sprint” of the CFTC, which seeks to clarify the rules on cryptocurrencies, fill legal gaps and promote a competitive environment for the sector, in order to integrate this kind of assets into the regulated financial system while Congress works in a comprehensive legislation for the sector.

This approach contrasts with the most restrictive position of the previous administration of Joe Biden, particularly under the former SEC president, Gary Gensler, known for his skepticism towards cryptocurrencies.

Last week, the CFTC had already clarified its rules for the registration of foreign exchanges, including those of cryptocurrencies, allowing non -American platforms to offer direct access to users in the US. UU. This measure seeks to reverse the ”Regulation for execution“That, according to Pham, expelled many crypto companies from the country, encouraging their return to the US market.

In line with Trump’s political vision

The collaboration between the SEC and the CFTC responds to the recommendations of the presidential working group on digital asset markets, which seeks to strengthen US leadership in financial technology.

Previously, the CFTC lacked authority to directly regulate cryptocurrency trade in cash, limited to supervising derivatives or fraud cases. The new position expands its role and encourages a clearer regulatory environment.

Both agencies have opened a consultation period until October so that market participants contribute to mold a framework that balances innovation and investor protection. This step could promote the adoption of cryptocurrencies in the US. And consolidate its position in the financial industry based on Blockchain.

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Article written with the help of AI, edited by Diariobitcoin

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