CFTC’s Acting Chairman Pham Proposes Regulatory Clarity for Spot Crypto
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CFTC’s Acting Chair Pham proposes regulatory clarity for spot crypto, aligning with SEC and presidential guidelines to enhance oversight. The U.S. Commodity Futures Trading Commission (CFTC) has announced a new initiative focused on bringing regulatory clarity to spot crypto trading. Acting Chairman Caroline D. Pham has proposed to trade in spot crypto asset contracts. Such contracts would be listed on the CFTC-regulated futures exchanges or designated contract markets (DCMs). It is the first significant action as part of the new initiative called the Crypto Sprint, which was launched by the agency. CFTC’s Spot Crypto Plan Aligns with SEC and Presidential Guidelines The proposal seeks to utilize the current regulations provided in the Commodity Exchange Act that already stipulate that trading in retail commodities with leverage, margin, or financing should take place on a DCM. Applying these regulations to crypto assets, the CFTC attempts to provide a regulated, open environment in the sphere of digital asset trading without having to formulate new laws. Acting Chairman Pham noted that such an approach has been in discussion since 2022. She also stressed the need to exercise the available authority in order to ensure immediate clarity in regulations. According to Pham, there is a straightforward way that can be adopted by the CFTC. Today, stakeholders are welcome to be involved in the development of how spot crypto asset contracts may be listed on DCMs. Related Reading: CFTC Launches Crypto Sprint with Full Support for SEC Project Such a step is in line with the suggestions of the President’s Working Group on Digital Asset Markets that were made in the Trump administration. The initiatives of the CFTC are also in concurrence with the activities of the U.S. Securities and Exchange Commission (SEC), which is also known as Project Crypto. The two agencies are operating on…
Filed under: News - @ August 5, 2025 1:31 pm