According to Odaily Planet Daily, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a statement clarifying that exchanges registered with the two institutions are not prohibited from offering trading in certain spot crypto assets. SEC Chairman Paul Atkins stated that market participants should have the freedom to choose their trading venues. CFTC Acting Chairwoman Caroline Pham stated that the government had previously sent misleading signals regarding digital asset regulation, creating the impression that innovation was unwelcome, but that this phase has ended. This statement is seen as a significant step forward in the SEC and CFTC's efforts to coordinate regulation and expand market choice under the "Crypto Project" and "Crypto Sprint" initiatives.