Crypto Spot Trading Initiative Launched by Caroline Pham in The U.S.

• The CFTC wants to allow spot crypto trading on official, registered platforms.
• The plan aims to provide clear rules for trading with leverage or borrowed funds.
• Public comments are open until August 18 to help shape the future of U.S. crypto regulation.

The U.S. Commodity Futures Trading Commission (CFTC) has announced a new initiative to allow spot crypto asset contracts to be listed and traded on officially registered platforms known as Designated Contract Markets (DCMs).

This move is aimed at bringing regulatory clarity to how retail trading involving leverage, margin, or financing can legally take place under the existing Commodity Exchange Act (CEA).

Acting CFTC Chairman Pham confirmed the launch of this initiative, stating it will be the first in a broader effort known as the CFTC’s crypto sprint. This campaign is focused on implementing the key proposals found in the President’s Working Group on Digital Asset Markets report.

In a press statement, Pham said, “Under President Trump’s strong leadership and vision, the agency is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto.”

Pham added that a clear legal path already exists: the Commodity Exchange Act currently requires retail trading of commodities involving leverage, margin, or financing to occur on a DCM.