The U.S. Commodity Futures Trading Commission (CFTC) has launched a major initiative to permit spot crypto asset contracts to be traded on CFTC-registered futures exchanges.
The action is in line with the U.S. President Donald Trump’s endeavor to modernize the regulation of digital assets. It is based on 18 recommendations made by the Trump administration Working Group on Digital Asset Markets, which called on clarity regarding crypto commodities, DeFi integration, and blockchain-based derivatives.
The CFTC aims to list futures-style contracts that track real-time crypto prices, known as spot crypto contracts, on Designated Contract Markets (DCMs). These contracts would operate under Section 2(c)(2)(D) of the Commodity Exchange Act, giving retail traders regulated access to crypto assets.
“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 CFTC’s Acting Chairman Caroline Pham in an official statement on Monday.
CFTC Seeks Public Feedback on Spot Crypto Plan
The public comment period is open until August 18, with feedback requested on the proposal’s interaction with SEC rules and CFTC regulations under Part 40.
Founded in 1974, the CFTC is the U.S. federal agency that regulates derivatives markets, including futures and options, and works to protect market participants from fraud and manipulation. It currently operates with only two commissioners, while Trump’s nominee Brian Quintenz awaits Senate confirmation.
Public comments can be submitted via the official CFTC website until August 18.
Also Read: CFTC Launches Crypto Sprint for Fast-Track Regulation
