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New Spot Crypto Products? Regulators Say Bring It On
Two top Wall Street regulators are telling issuers not to be shy when it comes to filing for new spot crypto products. The SEC and CFTC issued a rare joint statement last week informing asset managers that there is nothing prohibiting the trading of spot crypto products on registered exchanges, like the NYSE or NASDAQ. The agencies also said they are ready to support the consideration of new fillings for “certain spot crypto asset products,” although there were no further details on what those funds may actually entail. The guidance, however, will likely continue crypto’s push toward mainstream acceptance in ... (full story)
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