Will Wall Street Giants Control Spot Bitcoin and Ethereum?
The post Will Wall Street Giants Control Spot Bitcoin and Ethereum? appeared on BitcoinEthereumNews.com.
The long-awaited integration of crypto into mainstream US financial markets is moving closer after a rare joint statement from the US SEC and CFTC. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alluded to major exchanges being able to roll out spot Bitcoin (BTC) and Ethereum (ETH) trading. Regulatory Unity Clears Path for Wall Street to Enter the Spot Crypto Market Sponsored Major exchanges in question include the New York Stock Exchange (NYSE), Nasdaq, CBOE, and the CME (Chicago Mercantile Exchange). Matthew Sigel, head of digital assets research at VanEck, highlighted this shift. He pointed out that this regulatory clarity opens the door for Wall Street to enter the crypto spot market directly. “The NYSE, Nasdaq, CBOE, CME, etc., will soon have spot trading for BTC, ETH, and more,” Sigel posted. The development stems from a joint SEC-CFTC staff statement. They clarified that registered exchanges are not prohibited from facilitating spot trading of certain digital asset products. The move is part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint initiatives. They aim to provide regulatory consistency while promoting venue choice and innovation in US markets. “Today’s joint staff statement represents a significant step forward in bringing innovation in the crypto asset markets back to America,” read an excerpt in the announcement, which cited SEC Chair Paul Atkins. Sponsored Paul Atkins also emphasized that market participants should have the freedom to choose where they trade spot crypto assets. He also articulated the SEC’s commitment to fostering competition in the fast-paced markets. Meanwhile, CFTC Acting Chair Caroline Pham echoed this message, contrasting the new approach with the previous administration’s stance. “Under the prior administration, our agencies sent mixed signals about regulation and compliance in digital asset markets, but the message was clear: innovation was not welcome.…
Filed under: News - @ September 3, 2025 7:30 am