The U.S. Commodity Futures Trading Commission (CFTC) has unveiled a new initiative to allow spot crypto trading on registered futures exchanges.
In a press statement on Monday, the U.S. CFTC announced plans to enable the listing and trading of spot crypto asset contracts on designated contract markets (DCMs). These markets are regulated futures exchanges, and the move could pave the way for broader participation in U.S.-based crypto trading.
Acting Chair Caroline Pham stated that the initiative will operate within the agency’s existing authority. She invited all industry participants, stakeholders, and the public to submit feedback by August 18.
Part of the ‘Crypto Sprint’ Initiative
This program is the first major action under the CFTC’s new Crypto Sprint, launched last week. It follows recommendations from a White House digital asset report.
In that report, officials advised granting the CFTC oversight of spot crypto markets for assets considered commodities. The report also urged closer collaboration with the U.S. Securities and Exchange Commission (SEC) to ensure consistent rules for asset classification, trading, and registration.
Cooperation with the SEC’s ‘Project Crypto’
In parallel, the SEC is advancing its Project Crypto, a plan to modernize securities regulations for blockchain-based finance. SEC Chair Paul Atkins stated that the project will focus on rules for cryptocurrency distribution, custody, and trading to make the financial system more adaptable to on‑chain technologies.
Push for National-Level Crypto Rules
Pham emphasized that the CFTC is moving “full speed ahead” in coordination with the SEC to create a framework for spot crypto trading at the federal level. This joint approach aims to resolve long-standing questions over whether digital assets should be treated as securities or commodities.
With the August deadline approaching, market participants now have a window to help shape how cryptocurrencies are traded and regulated in the United States.
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