CFTC to allow listed spot crypto trading on registered exchanges

robot
Abstract generation in progress

(Reuters) -The Commodity Futures Trading Commission said on Monday it would allow trading of spot crypto asset contracts that are listed on a futures exchange registered under the regulator.

The digital assets industry has seen progress under President Donald Trump's administration, as bills like the GENIUS Act and CLARITY Act have provided more regulatory certainty.

The commission will enable immediate trading of digital assets at the Federal level in coordination with the Securities and Exchange Commission's "Project Crypto", CFTC acting chairman Caroline Pham said.

The CFTC invited stakeholders on how to list the spot crypto asset contracts in a designated market.

SEC Chair Paul Atkins outlined several pro-crypto initiatives last week, including directing staff to develop guidelines to determine when a crypto token qualifies as a security, and proposals for various disclosures and exemptions.

The two regulators' approach marks a significant victory for the crypto industry, which has long advocated for tailored regulations.

"Together, we will make America the crypto capital of the world," Pham said.

(Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo)

View Comments

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)