Crypto Market Update: SEC and CFTC Signal Support for Spot Crypto Trading on Registered Exchanges
September 3, 2025 — As the regulatory landscape shifts, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are paving the way for increased access to spot cryptocurrency trading through registered exchanges, marking a pivotal moment for digital asset markets.
Market Snapshot: Bitcoin and Ethereum on the Rise
As of 9:00 p.m. UTC on Wednesday, September 3, Bitcoin (BTC) traded at approximately $112,188, reflecting a 1.4% gain over the past 24 hours, with daily lows near $111,203 and highs around $112,502. Traders noted a turnaround in crypto sentiment following Bitcoin’s dip below $110,000 last week, describing the pullback as a temporary “false move.” Many market watchers anticipate a potential U.S. Federal Reserve interest rate cut on September 17, which could drive bullish momentum for risk assets including cryptocurrencies.
Ethereum (ETH), the second-largest digital asset by market cap, showed an even stronger uptick, climbing 4.8% to trade near $4,476. Its price ranged between $4,377.97 and $4,486.12 within the last 24 hours.
Among notable altcoins, Solana (SOL) rose 2.4% to about $210, XRP advanced 1.5% to $2.86, SUI increased 2.6% to $3.40, and Cardano (ADA) gained 2.6%, trading near $0.84. —
Regulatory Developments: SEC and CFTC Open Doors for Spot Crypto Products
In a joint statement released Tuesday, September 2, the SEC and CFTC announced a coordinated regulatory approach allowing registered exchanges under their oversight to offer spot crypto products involving leverage, margin, and retail commodity financing. While the agencies did not explicitly name specific cryptocurrencies, the announcement signals greater acceptance and regulatory clarity for spot digital asset trading in the United States.
This collaborative move builds upon earlier calls for clearer digital asset regulations by the President’s Working Group on Digital Asset Markets. It also follows ongoing efforts by the current administration to ease the stringent enforcement and legal challenges that had constrained crypto market growth in previous years.
Caroline Pham, Acting Chair of the CFTC, praised the development on social media platform X, calling it “another win on regulatory clarity,” highlighting its potential to catalyze innovation and investor engagement in crypto markets.
Industry Moves: Winklevoss-Backed Bitcoin Treasury to List in Amsterdam
In corporate news, a Bitcoin treasury company supported by Cameron and Tyler Winklevoss is set to go public on the Amsterdam stock exchange. Reuters reported that the firm, known as Treasury, plans to enter the public markets via a reverse takeover of Dutch investment firm MKB Nedsense.
Treasury, backed by Winklevoss Capital and Nakamoto Holdings, has amassed more than 1,000 BTC and secured €126 million in funding. The transaction values the company at a premium, with shares set to consolidate at €2.10 each. This move represents a bold attempt to establish Amsterdam as a significant hub for institutional Bitcoin investment, capitalizing on the growing appeal of Bitcoin-only treasury firms amid record-high cryptocurrency prices.
Regulatory Relief for Prediction Market Platform Polymarket
On Wednesday, the CFTC issued a no-action letter to QCX and QC Clearing, entities recently acquired by the blockchain prediction platform Polymarket. This regulatory relief exempts Polymarket from certain reporting and record-keeping obligations for its event contracts, enabling the platform to legally and officially relaunch its services in the U.S. market.
Polymarket CEO Shayne Coplan celebrated the expedited approval process on X, signaling strong momentum for the company’s U.S. operations resumption.
Financial Institutions Reengage with Crypto Custody Services
US Bancorp (NYSE: USB) announced plans to restart its digital asset custody services, initially focused on Bitcoin custody aimed at institutional investment managers, including registered investment funds and Bitcoin ETF providers. NYDIG will serve as the sub-custodian in this offering.
This strategic reentry comes amid more favorable regulatory conditions under the Biden administration’s regulatory approach, which contrasts with prior SEC mandates that required banks to hold significant capital reserves for cryptocurrency-related businesses. Depending on regulatory and internal compliance evaluations, US Bancorp may extend custody services to other cryptocurrencies.
Tokenization and Integration: Trust Wallet Expands Real-World Asset Offerings
Binance co-founder Changpeng “CZ” Zhao’s Trust Wallet officially integrated tokenized U.S. stocks and ETFs, leveraging partnerships with Ondo Finance and decentralized aggregator 1inch. The integration, announced earlier this year and launched on the Ethereum blockchain, currently offers over 100 tokenized stock and ETF assets, with plans to increase to 1,000 by year’s end.
Ondo Finance supplies the tokenized real-world assets (RWAs), while 1inch enhances trading efficiency through improved swap capabilities. Upcoming support for the BNB Chain and Solana networks is also planned.
Ethereum Foundation to Sell $43 Million in ETH to Fund Ecosystem Growth
The Ethereum Foundation unveiled a plan to sell 10,000 ETH — worth approximately $43 million — across multiple centralized exchanges. The sale aims to fund ongoing research, ecosystem grants, and philanthropic initiatives, with the foundation emphasizing a gradual sell-off to minimize market impact.
This move follows a similar recent transaction with SharpLink Gaming, the first publicly traded company to purchase ETH directly from the Ethereum Foundation. In June, the Foundation introduced a new treasury management framework that caps annual spending at 15% of token reserves and focuses on long-term financial sustainability.
Stay tuned for further updates on the evolving cryptocurrency landscape. For real-time news, follow @INN_Technology.
Disclosure: The authors hold no direct investment interests in any companies mentioned.