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The U.S. Commodity Futures Trading Commission (CFTC) has announced a major step toward integrating cryptocurrency into the traditional financial system by launching a new program to enable spot crypto asset trading on registered futures exchanges, known as designated contract markets (DCMs). This move marks a shift toward federal-level crypto adoption and regulatory clarity, as the CFTC collaborates with the SEC to define how digital assets should be classified and traded.
Acting CFTC Chairman Caroline Pham stated Monday that the agency is inviting stakeholders to provide input on how to list spot crypto contracts under current regulatory authority. The comment period is open until August 18. This initiative forms the first phase of the CFTC’s “Crypto Sprint,” a project aimed at fast-tracking key recommendations from a White House digital asset report.
The report, backed by President Trump’s digital asset working group, recommends giving the CFTC jurisdiction over crypto assets categorized as commodities. Alongside the SEC’s “Project Crypto” initiative, this collaborative effort could pave the way for secure, regulated, and accessible digital asset trading across the U.S. financial system.
