SEC-CFTC Joint Staff Statement (Project Crypto-Crypto Sprint)

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https://www.sec.gov/newsroom/speeches-statements/sec-cftc-project-crypto-090225

"The SEC’s Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk (collectively, the “Divisions”)[1] are announcing a cross-agency initiative in furtherance of the SEC’s Project Crypto and the CFTC’s Crypto Sprint to coordinate efforts regarding the process for enabling the trading of certain spot crypto asset products.

The President’s Working Group on Digital Asset Markets report on “Strengthening American Leadership in Digital Financial Technology” (the “PWG Report”) recommends that the SEC and CFTC coordinate to make America the best place in the world to innovate with blockchain technology and participate in crypto asset markets.[2] Specifically, the PWG Report recommends that the agencies should use their existing authorities to promote “regulatory clarity that best keeps blockchain-based innovation within the United States.” As part of this effort, the Divisions are coordinating to issue guidance “regarding the listing of leveraged, margined, or financed spot retail commodity transactions on digital assets” to implement the PWG Report recommendations.

This joint statement provides the Divisions’ view that current law does not prohibit SEC- or CFTC-registered exchanges from facilitating trading of these spot crypto asset products. As contemplated by the PWG Report, the Divisions’ coordination will promote trading venue choice and optionality for market participants within the United States. In line with these goals, the Divisions stand ready to support consideration by their respective agencies of exchange trading in certain spot crypto asset products."

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If you have a better understanding of the subject, what did the SEC and CFTC allow traders to trade on licensed American exchanges?
What are "certain spot crypto asset products"?

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CFTC and SEC Announce Historic Memorandum of Understanding Between Agencies
https://www.cftc.gov/PressRoom/PressReleases/9192-26

March 11, 2026

WASHINGTON - The Commodity Futures Trading Commission and Securities and Exchange Commission today announced that they have entered into a Memorandum of Understanding (MOU) to guide coordination and collaboration between the two agencies to support lawful innovation, uphold market integrity, and ensure investor and customer protection. The MOU reflects both agencies’ commitment to provide fair notice to market participants, respect individual liberty, and foster lawful innovation with the minimum effective dose of regulation to enhance U.S. competitiveness in finance.

“America’s financial markets are the envy of the world because they scale and adapt to meet investor demands. Like our markets, the CFTC’s and SEC’s regulatory frameworks must also evolve and modernize to accommodate the needs of our market participants,” said CFTC Chairman Michael S. Selig. “This Memorandum of Understanding solidifies the agencies’ commitment to harmonize regulatory frameworks to provide comprehensive and seamless financial market oversight. By working together, we’ll eliminate duplicative, burdensome rules and close gaps in regulation for the benefit of all Americans and usher in a Golden Age of American finance.”

Crypto Headlines AI briefly:
"The goal is to end years of "jurisdictional wars" between agencies.

Key points:
• Regulators will begin exchanging data and coordinating market oversight.
• Plans are underway to create a more transparent and predictable regulatory framework for cryptoassets.
• The rules will be technology-neutral to accommodate new trading models, on-chain infrastructure, and automated systems.

Separately, the SEC and CFTC announced they will adhere to a "minimum effective dose" approach-the minimum necessary level of regulation that preserves market integrity without hindering innovation."