#CFTCCryptoSprint

The interim chairwoman of the Commodity Futures Trading Commission (CFTC), Caroline D. Pham, announced today that the CFTC will launch an initiative for the trading of spot cryptocurrency contracts listed on a CFTC-registered futures exchange (designated contract market or DCM). This is the first initiative of the CFTC in its cryptocurrency investment program to start implementing the recommendations of the report from the Presidential Working Group on Financial Markets. Interim Chairwoman Pham announced the CFTC's cryptocurrency investment program last week. [See CFTC press release no. 9104-25]

“Under the strong leadership and vision of President Trump, the CFTC is working tirelessly to enable the immediate trading of digital assets at the federal level, in coordination with the SEC's Crypto Project,” stated Interim Chairwoman Pham. “There is a clear and straightforward solution that the CFTC can implement now. The Commodity Exchange Act (CEA) currently requires that retail trading of leveraged, margined, or financed commodities be conducted on a DCM. Starting today, we invite all stakeholders to work with us to provide regulatory clarity on how to list spot cryptocurrency contracts on a DCM, using our current authority, as I have proposed since 2022. Together, we will make the United States the world capital of cryptocurrency.”