CFTC Authorizes Spot Crypto Trading on Regulated US Exchanges

CFTC Endorses Spot Cryptocurrency Trading

The US Commodity Futures Trading Commission (CFTC) has sanctioned the trading of spot cryptocurrency products on federally regulated futures exchanges. This development marks a significant milestone in the integration of digital assets into traditional financial markets.

Policy and Regulatory Insights

According to a notice released on Thursday, Acting CFTC Chair Caroline Pham announced that this decision aligns with policy directives from former US President Donald Trump. The approval process involved recommendations from the President’s Working Group on Digital Asset Markets, consultations with the US Securities and Exchange Commission, and insights from the CFTC’s “Crypto Sprint” initiative.

Pham emphasized, "For the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, offering the customer protections and market integrity that Americans deserve."

Pham, who assumed the role of acting CFTC chair in January during Trump's administration, is anticipated to resign following the Senate confirmation of a new chair. Michael Selig, an SEC official nominated by Trump, is expected to be voted on by the Senate shortly.

This is a developing story, and further details will be provided as they become available.