SEC and CFTC Intensify Coordination on Bitcoin and Crypto Markets Ahead of Sept. 29 Roundtable
According to a joint statement, the SEC and CFTC plan to explore perpetual contracts, DeFi exemptions, and expanded trading frameworks to strengthen U.S. crypto oversight and bring innovation back onshore.
The SEC and CFTC announced a joint roundtable scheduled for September 29, 2025, aimed at harmonizing U.S. regulatory oversight of digital asset markets. The agencies are considering steps to allow perpetual contracts on U.S. platforms, expand trading hours, clarify prediction market rules, and provide frameworks for DeFi protocols. Guidance was also released permitting U.S.-registered exchanges to offer spot trading of specific crypto tokens. The regulators emphasized safe harbors for peer-to-peer spot and derivatives trading, portfolio margining, and self-custody rights as central themes in their approach.
- Perpetual Contracts: A type of futures contract with no expiry date, commonly used in crypto trading to allow continuous exposure to asset price movements.
- DeFi: Decentralized finance, a blockchain-based financial system enabling peer-to-peer transactions without intermediaries.
- Spot Trading: The purchase or sale of a financial instrument, such as a cryptocurrency, for immediate delivery and settlement.