Wall Street To Trade Spot Crypto? SEC and CFTC Decision Put XRP, SOL ETFs in Play

The two most powerful U.S. market regulators have teamed up to deliver big news for crypto. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement confirming that registered exchanges like the NYSE, Nasdaq, CBOE and CME can now support trading of certain spot crypto assets.

In simple terms, this means Wall Street exchanges can soon allow direct trading of coins such as Bitcoin, Ethereum and likely more. This move now opens the door for other assets such as XRP, SOL, DOGE and others which already have ETF filings pending, to step into the spotlight.

Regulators Finally on the Same Page

For years, crypto companies and investors have struggled with mixed messages from Washington. That confusion now seems to be ending.

SEC Chairman Paul Atkins said the move is a step in bringing crypto innovation back to the United States. He added that traders should be free to choose where...

3.41K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.