Spot Crypto Assets Get Nod For Trading On CFTC-Registered Futures Exchanges
Alex Smith
2 months ago
The US Commodity Futures Trading Commission (CFTC) announced on Thursday that spot crypto asset contracts will soon be available for trading on futures exchanges that are registered with the agency, aligning with the positive regulatory changes championed by President Donald Trumpâs administration.Â
Crypto Sprint Progress
The CFTC disclosed that this recent decision follows recommendations from the Presidentâs Working Group on Digital Asset Markets and insights gathered from the CFTCâs Crypto Sprint initiative, as well as collaborative efforts with the Securities and Exchange Commission (SEC).Â
Acting CFTC Chairman Caroline Pham highlighted the importance of providing Americans with access to safe and regulated markets, stating, âRecent events on offshore exchanges have shown us how essential it is for Americans to have more choice and access to safe, regulated US markets.â
In addition to the introduction of spot trading, the Crypto Sprint initiative includes measures to enable tokenized collateralâsuch as stablecoinsâwithin derivatives markets.Â
The CFTC also plans to implement regulatory updates to facilitate the use of blockchain technology in various operational areas, including collateral, margin, clearing, settlement, reporting, and recordkeeping.
Historic Shift In CFTCâs Digital Asset Trading Move
Market expert MartyParty on social media stated that this latest move is an historic decision that will empower retail and institutional traders to buy, sell, and leverage crypto assets directly on CFTC-registered exchanges. MartyParty further noted:
Itâs the culmination of years of regulatory groundwork, including a joint SEC-CFTC statement clarifying that existing laws already permit such trading on registered venues.
Pham remarked on the collaborative efforts of the administration, stating that President Trumpâs leadership has fostered a comprehensive plan for the US to reclaim its status as a global leader in digital asset markets. As she noted, âThe CFTC has a central role to playâ in this initiative.
Featured image from DALL-E, chart from TradingView.comÂ
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