CFTC says listed spot crypto products will begin trading on federally regulated US markets

The Commodity Futures Trading Commission (CFTC) has announced that spot crypto products will commence trading on CFTC-registered futures exchanges within U.S.-regulated markets for the first time. Acting Chair Caroline Pham stated this action fulfills the administration's pledge to make the U.S. the global leader in digital assets and provides traders with safer domestic venues. The CFTC is utilizing its existing authority to meet long-standing demand for regulated spot products, emphasizing the need for U.S.-based markets with established protections, especially given issues on offshore platforms. This decision was informed by recommendations from the President’s Working Group and the agency’s Crypto Sprint, which sought industry input on integrating spot products under current rules. Furthermore, the CFTC is preparing updates to allow tokenized collateral in derivatives markets and modernize clearing, settlement, reporting, and recordkeeping requirements.

(Source：Crypto Briefing)