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U.S. CFTC Seeks Input on Spot Crypto Trading Initiative for Registered Exchanges
The U.S. Commodity Futures Trading Commission (CFTC) plans to allow trading of spot crypto contracts on registered exchanges and seeks stakeholder input for regulatory clarity.
- The initiative aims to facilitate listing spot crypto asset contracts on designated contract markets (DCM).
- Acting Chairman Caroline Pham announced a call for collaboration with stakeholders to establish guidelines using existing CFTC authority.
- This effort aligns with President Trump's digital asset market report, which emphasizes regulatory clarity for registration and custody.
- The initiative is part of the SEC's "Project Crypto" to modernize securities rules for blockchain integration.
- Stakeholders can submit suggestions by August 18.
- Congress is working on defining the roles of the CFTC and SEC in crypto oversight, including the House's Clarity Act proposal.