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The CFTC is proposing to permit U.S. futures exchanges to offer spot crypto trading under existing federal laws, aiming to streamline regulation and boost market innovation.
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CFTC seeks public feedback on spot crypto trading on designated contract markets (DCMs) by August 18.
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The initiative leverages current Commodity Exchange Act authority to regulate physically settled crypto contracts.
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Legal experts warn of regulatory conflicts between CFTC and SEC classifications of crypto assets.
CFTC proposes spot crypto trading on futures exchanges, inviting feedback to simplify regulation and support U.S. crypto market growth.
What Is the CFTC’s Plan for Spot Crypto Trading on Futures Exchanges?
The CFTC’s plan allows federally regulated futures exchanges, known as Designated Contract Markets (DCMs), to list physically settled spot crypto contracts using existing legal authority. Acting Chair Caroline Pham emphasized that this approach avoids complex new regulations, aiming to implement federal guidance efficiently and maintain U.S. leadership in crypto innovation.