based on materials from the site -
By Coindoo.com
The program presented by Acting Chairman Caroline D. Pham aims to create a unified platform for trading digital assets on CFTC-registered designated contract markets (DCM). Exchanges like CME will soon be able to list spot Bitcoin, Ethereum, XRP, and Solana alongside their derivatives.
This initiative is coordinated with the SEC's 'Project Crypto' and utilizes existing authorities under the Commodity Exchange Act, which requires that retail commodity trading using leverage or margin be conducted on regulated platforms. Stakeholders are encouraged to provide feedback on how to adapt spot contracts to the relevant sections of the Act and CFTC rules.
Pham emphasized that this proposal reflects her long-standing initiative for direct federal oversight of digital spot markets and praised President Trump for enacting cryptocurrency regulatory reform. According to her, the goal is to solidify the U.S. position as a global leader in the regulated trading of digital assets.
Public comments are accepted until August 18, and all submissions will be posted on the CFTC website. If adopted, this step could unify spot and derivative trading under a single set of rules, providing cryptocurrency exchanges and investors with clearer guidance and potentially accelerating market structure modernization.
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