CFTC Opens Door for Spot Crypto Trading on Regulated Exchanges

The US Commodity Futures Trading Commission (CFTC) has announced its landmark approval of spot cryptocurrency products to be traded on federally regulated futures exchanges. This decision, revealed on Thursday, represents a significant step toward integrating digital assets into the traditional financial system.

Acting CFTC Chair Caroline Pham stated that the move was in direct response to policy directives issued by US President Donald Trump. She further explained that the approval followed recommendations from the President’s Working Group on Digital Asset Markets, engagement with the US Securities and Exchange Commission (SEC), and consultations from the CFTC’s “Crypto Sprint” initiative.

“[F]or the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, with the customer protections and market integrity that Americans deserve,” Pham stated.

Pham, who assumed the role of acting CFTC chair in January amidst Trump’s taking office, is expected to step down once the US Senate confirms a replacement. Michael Selig, an SEC official nominated by Trump to chair the CFTC, is anticipated to have his nomination brought to the Senate floor for a vote soon after its advancement from committee.

This is a developing story, and further information will be added as it becomes available.

Key Takeaways:

  • CFTC approves spot crypto trading on federally regulated futures exchanges.
  • The decision follows policy directives from President Trump.
  • Approval stems from recommendations by the President's Working Group on Digital Asset Markets.
  • This marks a significant step towards integrating digital assets into the traditional financial system.

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