Overview

• Regulators said SEC- and CFTC-registered venues are not prohibited from facilitating certain spot crypto asset products, including leveraged, margined, and financed retail commodity transactions.
• Staff said they are prepared to review proposals from national securities exchanges, designated contract markets, and foreign boards of trade seeking to list spot crypto products.
• The guidance emphasizes margin, clearing, settlement, public trade‑data dissemination, permission for clearinghouses to partner with custodians for customer accounts, and shared reference pricing to strengthen surveillance.
• The statement does not identify specific cryptocurrencies, leaving token classification and broader rule authority to ongoing agency processes and potential congressional action.
• Industry commentators expect major exchanges such as NYSE, Nasdaq, Cboe, and CME may pursue spot listings, contingent on satisfying the outlined operational and surveillance standards.