‘New Golden Age’: CFTC’s Pham announces regulated crypto spot trading has arrived
CFTC Acting Chair Caroline Pham announced regulated crypto spot trading has arrived as Bitnomial became the first approved exchange.Summary
Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham declared the arrival of regulated cryptocurrency spot trading, calling it a "new golden age for innovation in America," following Bitnomial becoming the first exchange to list regulator-approved spot crypto products. Pham credited President Trump’s leadership for a comprehensive, all-of-government plan to establish the U.S. as a world leader in digital asset markets, with the CFTC playing a central role. This development follows the CFTC's "Crypto Sprint" initiative and joint guidance with the SEC in September, which clarified that registered exchanges can facilitate trading of certain spot crypto commodity products. Bitnomial CEO Luke Hoersten expressed gratitude for Pham's approach, noting they are bringing leveraged spot crypto trading back to the U.S. under CFTC oversight, with the launch scheduled for the week of December 8.
(Source：The Block)