The joint statement from the SEC and CFTC has legalized spot cryptocurrency trading. This is good news for compliant exchanges like Coinbase and Robinhood, which will be able to list more spot crypto assets in the future. Additionally, this statement helps attract overseas trading back to the United States, enhancing the confidence of institutional investors. From a trading perspective, with clear regulations, the liquidity of crypto assets in the U.S. market will significantly increase, and price discovery efficiency will also improve. Although this may not immediately reflect in prices in the short term, the long-term effects are profound, and for funds positioning in spot trading, this is a positive signal.

This news carries significant weight; the SEC and CFTC issued a joint statement, clearly indicating that registered exchanges are not prohibited from offering spot cryptocurrency trading.

SEC Chairman Paul Atkins stated that market participants should have the freedom to choose trading venues, while CFTC Acting Chair Caroline Pham more directly said that the chapter of regulatory signal confusion has ended.

This essentially gives compliance exchanges like Coinbase and Robinhood the green light, and the obstacles to launching more spot cryptocurrency assets in the future are basically cleared.

More importantly, this can attract a large amount of overseas trading back to the U.S. mainland, significantly boosting institutional investor confidence.