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The Commodity Futures Trading Commission (CFTC) has announced a new initiative aimed at providing regulatory clarity for retail crypto trading. According to the proposal, the agency plans to list spot crypto asset contracts on CFTC-registered designated contract markets (DCMs), allowing for the creation of a federal trading structure built upon existing law rather than requiring new legislation.
This move comes as part of the CFTC’s broader “crypto sprint” initiative, which aims to accelerate regulatory efforts in tandem with the Securities and Exchange Commission’s (SEC) “Project Crypto.” The goal is to prevent gaps in oversight and ensure that crypto assets are subject to consistent rules and regulations across all markets.
In a press release, Acting Chair Caroline D. Pham emphasized that retail trading of commodities involving leverage or financing already falls under DCM oversight. She stressed that this existing framework can be applied to crypto, providing an immediate pathway for regulated trading.
Pham also highlighted the importance of clarity in the retail space, stating that “the time to act is now.” The CFTC has opened a public comment period, during which stakeholders are encouraged to provide feedback on key areas. This includes how listing spot crypto contracts on DCMs would work in practice and how existing rules interact with securities regulations.
Comments will be published on the CFTC’s website for public view, with all submissions due by August 18.
Source: blockonomi.com
