The U.S. Commodity Futures Trading Commission (CFTC) took action following the report published by the White House.
The CFTC, which has begun to implement the recommendations listed in the report, has taken action on how to more effectively regulate spot cryptocurrency trading.
At this point, the CFTC announced a new initiative to provide clarity on how spot cryptocurrency trading contracts will be listed on registered futures exchanges.
While requesting feedback or suggestions on spot cryptocurrency trading from stakeholders and the public, the CFTC noted that the deadline for submitting comments is August 18.
CFTC Acting Chair Caroline Pham stated the following in her remarks:
The CFTC is making progress at full speed to enable the instant trading of digital assets at the federal level in coordination with the SEC's Crypto Project.
Starting today, we invite all stakeholders to work with us to provide regulatory clarity on how spot cryptocurrency contracts will be listed on a DCM using our existing authority.
The agency recently launched the 'Crypto Sprint' to implement the recommendations in Trump’s working group report on digital assets.
Stay tuned for new developments.
