CFTC Greenlights Spot Crypto Trading on Registered Exchanges
U.S. regulator allows immediate trading of digital assets at the federal level, signaling a major win for the crypto industry.
CFTC Opens Door for Spot Crypto Trading
The Commodity Futures Trading Commission (CFTC) has announced it will permit the trading of spot crypto asset contracts on futures exchanges registered with the agency. This decision represents a significant step forward for the digital asset industry in the United States.
Acting Chairman Caroline Pham stated that this move will enable the immediate trading of digital assets at the federal level, working alongside the Securities and Exchange Commission's (SEC) "Project Crypto." The CFTC has also invited input from stakeholders on how to effectively list spot crypto asset contracts within a designated market.
SEC Chair Paul Atkins recently outlined several pro-crypto initiatives, including developing guidelines to determine when a crypto token qualifies as a security and proposals for disclosures and exemptions. The coordinated approach by the CFTC and SEC is seen as a victory for the crypto industry.
"Together, we will make America the crypto capital of the world," Pham declared.
Key Takeaways:
- The CFTC will allow spot crypto trading on registered futures exchanges.
- This move is coordinated with the SEC's "Project Crypto."
- The regulators seek stakeholder input on listing spot crypto asset contracts.
- Tailored regulations are a significant win for the crypto industry.
- The aim is to position the U.S. as a global crypto leader.
Investment Considerations
As always, investors should consider their risk tolerance and investment timeline before making allocation decisions. Bitcoin remains a volatile asset despite increasing institutional adoption.
This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor.
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