The SEC and CFTC have issued a joint statement clarifying that exchanges registered with both agencies are permitted to facilitate trading of certain spot crypto asset products. SEC Chair Paul Atkins emphasized the importance of market participants having the freedom to choose their trading venues. CFTC Acting Chair Caroline Pham noted that previous regulatory approaches sent mixed signals, but the current stance is more welcoming to innovation. This announcement is part of the agencies' Project Crypto and Crypto Sprint initiatives, which aim to enhance regulatory coordination and expand trading options for U.S. market participants.