The Commodity Futures Trading Commission (CFTC) has launched a “crypto sprint” initiative to provide additional regulatory clarity for trading digital assets.
CFTC Acting Chairman Caroline D. Pham says the initiative is for trading spot crypto asset contracts that are listed on CFTC-registered futures exchanges, known as designated contract markets (DCMs).
“Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto.
There is a clear and simple solution the CFTC can implement now. The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM. Starting today, we invite all stakeholders to work with us on providing regulatory clarity on how to list spot crypto asset contracts on a DCM using our existing authority, as I have previously proposed since 2022. Together, we will make America the crypto capital of the world.”
Interested stakeholders can submit feedback to the CFTC by August 18th.
Paul Atkins, the chair of the Securities and Exchange Commission (SEC), kicked off “Project Crypto” last week, announcing the regulator’s intention to roll out a regulatory framework for digital assets that encourages innovation.
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The post CFTC Launches ‘Crypto Sprint’ Initiative, Seeks Public Input on Spot Digital Asset Trading appeared first on The Daily Hodl.
The Commodity Futures Trading Commission (CFTC) has launched a “crypto sprint” initiative to provide additional regulatory clarity for trading digital assets. CFTC Acting Chairman Caroline D. Pham says the initiative is for trading spot crypto asset contracts that are listed on CFTC-registered futures exchanges, known as designated contract markets (DCMs). “Under President Trump’s strong leadership
The post CFTC Launches ‘Crypto Sprint’ Initiative, Seeks Public Input on Spot Digital Asset Trading appeared first on The Daily Hodl. Altcoins, Regulators, CFTC, Commodity Futures Trading Commission, Crypto, digital assets, spot crypto
This articles is written by : Nermeen Nabil Khear Abdelmalak
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