The U.S. CFTC is considering allowing futures exchanges to engage in spot cryptocurrency trading
BlockBeats News, August 5th, the U.S. Commodity Futures Trading Commission (CFTC) stated that it is considering allowing spot cryptocurrency trading on registered futures exchanges and is seeking feedback from stakeholders to advance President Trump's cryptocurrency development goals.
CFTC Acting Chairman Caroline Pham stated in a Monday announcement that the agency is seeking stakeholders' assistance on how to provide regulatory clarity for listing spot cryptocurrency assets on CFTC-registered futures exchanges (also known as designated contract markets, DCMs). This is one of the exchange types regulated by the CFTC.
This "Listing Spot Cryptocurrency Trading Initiative" is the CFTC's first response to a report released last week by the Trump administration's Digital Asset Market Working Group. The report outlined explicit expectations for U.S. regulatory agencies, such as requiring the CFTC to provide clear guidance on registration, custody, and other aspects to establish a regulatory framework for digital asset trading.
This initiative is also part of the U.S. Securities and Exchange Commission's (SEC) "Project Crypto." SEC Chairman Paul Atkins issued a press release last week stating that the project is a commission-wide initiative aimed at modernizing securities regulations to enable financial markets to operate on blockchain.
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