CFTC says listed spot crypto products will begin trading on federally regulated US markets
Acting Chair Caroline Pham says the move fulfills the administration pledge to make the United States the crypto capital of the world.
Key Takeaways
- Spot crypto trading will be available on CFTC regulated exchanges for the first time in the United States.
- The move aligns with federal efforts to expand oversight and integrate tokenized collateral and blockchain systems into regulated market infrastructure.
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The Commodity Futures Trading Commission announced that spot crypto products will begin trading on CFTC-registered futures exchanges for the first time in U.S.-regulated markets.
Acting Chair Caroline Pham said the move advances the administration plan to rebuild US leadership in digital assets and give traders access to safer domestic venues.
Pham said the agency is using existing authority to expand market access and address years of demand for regulated spot products. She noted that problems on offshore platforms underline the need for U.S.-based markets with established protections that have guided CFTC exchanges for nearly a century.
The decision follows recommendations from the President’s Working Group and the agency Crypto Sprint, which gathered industry input to determine how to introduce spot products under current rules.
The CFTC is also preparing updates that would enable tokenized collateral in derivatives markets and modernize requirements for clearing, settlement, reporting, and recordkeeping.
