The US Commodity Futures Trading Commission (CFTC) took action following the report published by the White House. The CFTC has begun implementing the recommendations outlined in the report and has taken action on how to more effectively regulate spot cryptocurrency trading. At this point, the CFTC has announced a new initiative to provide clarity on how spot crypto trading contracts will be listed on registered futures exchanges. The CFTC is requesting feedback or suggestions from stakeholders and the public regarding spot crypto trading, with the deadline for submitting comments being August 18. CFTC Interim Chair Caroline Pham said in a statement: “The CFTC, in coordination with the SEC’s Crypto Project, is moving full speed ahead to enable instantaneous trading of digital assets at the federal level. Starting today, we invite all stakeholders to work with us to provide regulatory clarity on how to list spot crypto asset contracts on a DCM using our existing authority.” The agency recently launched the “Crypto Sprint” to implement recommendations from Trump's working group's digital asset report. *This is not investment advice. Continue Reading: CFTC Announces New Move on Bitcoin (BTC) and Altcoins!
