CFTC Allows Spot Crypto Trading on Registered Futures Exchanges
Spot cryptocurrency products can now trade on CFTC-registered futures exchanges in federally regulated U.S. markets for the first time, Acting CFTC Chair Caroline D. Pham announced on Dec. 4. The move follows recommendations from the Presidential Working Group on Digital Asset Markets and incorporates stakeholder feedback from the CFTC's "Crypto Sprint" initiative, alongside collaboration with the SEC. The "Crypto Sprint" program has also launched public consultations on all other CFTC-related recommendations from the Presidential Working Group report. Additional elements include enabling tokenized collateral (including stablecoins) in derivatives markets and technical amendments to CFTC regulations on collateral, margin, clearing, settlement, reporting, and recordkeeping to facilitate blockchain technology and tokenization in regulated markets.