The U.S. Commodity Futures Trading Commission (CFTC) is launching a new initiative aimed at allowing the trading of spot crypto asset contracts on CFTC-registered futures exchanges.
- Acting Chair Caroline Pham announced the move as the first step in a broader “crypto sprint”, which follows recommendations from the President’s Working Group on Digital Assets.
- Under current law, leveraged or margined retail commodity trading must occur on designated contract markets (DCMs).
- As part of this effort, the CFTC is now seeking public feedback on how to list spot crypto contracts on these regulated exchanges.
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Further institutional support for crypto.
This article was written by Eamonn Sheridan at investinglive.com.