Acting CFTC chair confirms push to launch leveraged spot crypto trading on regulated exchanges

Acting CFTC Chair Caroline Pham confirmed reports that the agency is in direct discussions with regulated exchanges, including CME and Coinbase Derivatives, to launch spot crypto trading products involving margin, leverage, and financing as early as next month. Pham stated that the CFTC is using existing authorities under the Commodity Exchange Act to implement recommendations from the President's Working Group on Digital Asset Markets, rather than waiting for new Congressional legislation. This move would bring institutional-grade oversight and investor protections to leveraged crypto trading in the U.S., where such products are currently common on offshore exchanges. Pham is currently the sole commissioner, granting her increased authority to advance this policy despite a government shutdown delaying the confirmation of the next nominee, Mike Selig.

(Source：The Block)