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Investing.com -- The Commodity Futures Trading Commission (CFTC) is launching an initiative for trading spot crypto asset contracts on CFTC-registered futures exchanges, Acting Chairman Caroline D. Pham announced Monday.
This initiative marks the first step in the CFTC’s crypto sprint to implement recommendations from the President’s Working Group on Digital Asset Markets report. Pham had announced the crypto sprint last week.
"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," said Pham.
She noted that a clear solution exists within the CFTC’s current authority. The Commodity Exchange Act already requires retail trading of commodities with leverage, margin, or financing to be conducted on a designated contract market (DCM).
The CFTC is now inviting stakeholders to provide feedback on listing spot crypto asset contracts on DCMs. The agency specifically seeks input on section 2(c)(2)(D) of the Commodity Exchange Act, Part 40 of CFTC regulations, and potential implications under securities laws regarding an SEC framework for trading non-security assets that are part of an investment contract.
Pham, who has proposed this approach since 2022, stated, "Together, we will make America the crypto capital of the world."
The public can submit written comments through the CFTC website until August 18. All submissions will be published on CFTC.gov.
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