The SEC and CFTC plan to jointly regulate and XEM bringing Derivative contracts, prediction markets, and DeFi products into the US regulatory framework.
SEC and CFTC Collaborate to XEM Introducing Derivative Contracts in the US
The US Securities and Exchange Commission ( SEC ) and the Commodity Futures Trading Commission ( CFTC ) have just signaled a “handshake” to XEM bringing Derivative contracts – a popular Derivative product in crypto – to trade within the United States.
This is the first time the two agencies have announced that they may take coordinated steps to pilot the product on exchanges regulated by both the SEC and CFTC.
The following priorities are potential areas of coordination to be discussed at the joint roundtable: 24/7 markets, event contracts, perpetual contracts, portfolio margining, and innovation exemptions and decentralized finance.
— US Securities and Exchange Commission (@SECGov) September 5, 2025
Why this news is important
Derivative contracts currently account for the majority of liquidation in the crypto market, but it mainly takes place on exchanges outside the US.
If brought to the US, US investors could access products with higher consumer protection standards, including transparent leverage limits and risk management mechanisms.
This move would help retain Capital and economic activity instead of flowing to foreign platforms.
Related context
Previously (September 3, 2025), the SEC and CFTC gave the green light to national stock exchanges (NSE), designated contract markets (DCM) and some international exchanges (FBOT) to be allowed to launch crypto Spot Trading in the US.
The two agencies also announced plans to hold a roundtable on September 29 in Washington DC , focusing on XEM bringing DeFi products, prediction markets, expanding 24/7 trading, and Derivative contracts to the United States.
This initiative is part of Project Crypto (SEC) and Crypto Sprint (CFTC) , building on the recommendations of the Presidential Working Group on Digital Assets.
Expert opinion
SEC Chairman Paul Atkins and CFTC Acting Chair Caroline Pham jointly emphasized: “It is time to put aside regulatory boundaries and work together to bring innovation back to America.”
Many experts believe that if the SEC and CFTC agree, this will be a milestone to help the US market enter the era of 24/7 financial markets , in line with the global context.
Eleanor Terrett (Fox Business' crypto legal correspondent) said that in the Spring Agenda 2025 program , crypto has become the focus of the SEC's reform program, from trading, custody to the temporary exemption mechanism framework for issuers.
🚨NEW: The @SECGov 's Spring Agenda puts crypto front and center, from trading and custody to safe harbor frameworks for issuers. A new day indeed. pic.twitter.com/PgAB5v3NRt
— Eleanor Terrett (@EleanorTerrett) September 4, 2025
Conclude
Bringing Derivative contracts to the US could open up a new game for US investors: more transparency, more safety, but still maintaining the Capital appeal of crypto products.
Message from SEC and CFTC: “Crypto is no longer on the sidelines” but is gradually entering the center of the US financial system.
The market is waiting for the discussion at the end of September to know more about the roadmap and which products will be "green-lighted" in the coming period.
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