Acting CFTC Chair Initiates Crypto Spot Trading on DCMs
- CFTC launches crypto spot trading initiative led by Caroline D. Pham.
- Spot crypto contracts to be listed on regulated platforms.
- Initiative may boost liquidity and regulatory clarity for cryptos.
Acting CFTC Chair Caroline D. Pham announced an initiative to list spot crypto asset contracts on CFTC-registered exchanges, a significant regulatory move in Washington, D.C., on August 4, 2025.
The initiative could elevate U.S. crypto market access, influencing Bitcoin and Ethereum trading, while encouraging stakeholder feedback until August 18 for regulatory refinement.
Main Content
The Commodity Futures Trading Commission (CFTC), under Acting Chair Caroline D. Pham, has launched an initiative to enable the listing of spot crypto asset contracts on CFTC-registered designated contract markets (DCMs). This is a major regulatory shift. Pham stated, “The CFTC is moving full speed ahead on enabling immediate trading of digital assets at the Federal level, in coordination with the SEC’s Project Crypto… as I have previously proposed since 2022. Together, we will make America the crypto capital of the world.”
The CFTC is moving full speed ahead on enabling immediate trading of digital assets at the Federal level, in coordination with the SEC’s Project Crypto… as I have previously proposed since 2022. Together, we will make America the crypto capital of the world.
Key players include Caroline D. Pham and the SEC team. The initiative allows immediate crypto asset trading on federal levels using existing regulatory authority, aiming to benefit the U.S. crypto industry. The recent CFTC Press Release Announcing New Initiatives and Market Oversight illustrates the importance of this move for the federal market structure.
The shift enables greater market access for Bitcoin (BTC), Ethereum (ETH), and other digital assets. This move could enhance liquidity and elevate institutional and retail participation under federal regulation, fostering growth in the crypto market. Public responses can be explored in the public comments on the CFTC’s proposed rules and regulations , indicating a broad interest in enhanced market opportunities.
The regulatory enhancements target improved clarity and oversight, potentially stimulating increased trading volume. The initiative is part of broader U.S. efforts to become a global leader in crypto asset trading by integrating federal regulations.
The initiative’s launch aligns with recent CFTC market innovations like 24/7 trading . It represents a continued commitment to regulating digital assets, backed by federal authority, aiming to advance both the DeFi and crypto sectors. Historical precedents, including CFTC’s role in approving perpetual futures, highlight positive market impacts from similar initiatives. Participants expect improved regulatory frameworks and enhanced investor confidence as potential outcomes of the CFTC’s continued crypto endeavors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell takes on big test to cut rates without losing Fed independence
Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.
SpaceX to launch Starship despite back-to-back losses
Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.
US debt could hit 250% of GDP without spiking rates, Fed paper says
Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.
BLS credibility hit pushes Wall Street deeper into private data
Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.
Trending news
MoreCrypto prices
More
