CFTC Greenlights Spot Crypto Trading on U.S. Futures Exchanges
The U.S. Commodity Futures Trading Commission has approved the trading of spot cryptocurrency products on federally regulated futures exchanges, according to a notice issued Thursday by Acting CFTC Chair Caroline Pham.
Pham said the decision responds to policy directives from U.S. President Donald Trump and follows recommendations from the President’s Working Group on Digital Asset Markets, engagement with the U.S. Securities and Exchange Commission, and consultations conducted through the CFTC’s “Crypto Sprint” initiative. She added that the goal is to shift trading activity to U.S. exchanges rather than offshore platforms “that lack basic safeguards.”
According to Pham, this marks the first time spot crypto assets will be able to trade on CFTC-registered exchanges, which she described as long-standing venues offering customer protections and market integrity.
Pham, who assumed the acting chair role in January after Trump took office, is expected to step down once the U.S. Senate confirms a successor. The nomination of Michael Selig, an SEC official tapped by Trump to lead the CFTC, is anticipated to advance to a Senate floor vote following committee approval.
This is a developing story, and updates will be provided as new information becomes available.
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