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ARTICLE · 08 SEPTEMBER 2025

CFTC-SEC Joint Statement Signals Accelerated Path To US Spot Crypto Trading

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The CFTC-SEC Joint Staff Statement on "Project Crypto–Crypto Sprint" (Joint Statement) lands in the middle of an already-active policy cycle. In July, the President's Working Group...

United StatesTechnology
Daniel J. Davis
Daniel J. Davis
Alexander C. Kim
Alexander C. Kim
Michael Didiuk
Michael Didiuk
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The CFTC-SEC Joint Staff Statement on "Project Crypto–Crypto Sprint" (Joint Statement) lands in the middle of an already-active policy cycle. In July, the President's Working Group on Digital Asset Markets delivered its White House Report, urging both market regulators to "use existing authorities to immediately enable the trading of digital assets at the federal level."1 Acting CFTC Chairman Caroline Pham responded with a "crypto sprint," launching two parallel initiatives: (i) the Listed Spot Crypto Trading Initiative, which invited comment on listing leveraged spot crypto contracts on designated contract markets (DCMs),2 and (ii) a follow-on Next Crypto Sprint Initiative to address the balance of the White House recommendations.3

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