US CFTC Considers Allowing Futures Exchanges to Conduct Spot Cryptocurrency Trading

According to a report by Jinse Finance, the U.S. Commodity Futures Trading Commission (CFTC) stated that it is considering allowing spot cryptocurrency trading on already registered futures exchanges and is seeking input from stakeholders to implement President Trump’s cryptocurrency development goals. CFTC Acting Chair Caroline Pham said in a statement on Monday that the agency hopes stakeholders will assist in providing regulatory clarity on how to list spot crypto assets on CFTC-registered futures exchanges, also known as Designated Contract Markets (DCMs).