U.S. Commodity Futures Trading Commission: Spot cryptocurrencies can now be traded on exchanges registered with the CFTC

The Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, announced today that spot cryptocurrency products will begin trading for the first time on the federally regulated markets of futures exchanges registered with the CFTC. Today's announcement follows the recommendations of the President's Working Group on Financial Markets and incorporates insights from stakeholders in the CFTC's "Crypto Sprint" initiative, as well as collaborative outcomes with the U.S. Securities and Exchange Commission.

The "Crypto Sprint" initiative also launched a public consultation on all other recommendations related to the CFTC in the President's Working Group on Financial Markets report. Other aspects of the initiative include: enabling tokenized collateral (including stablecoins) in the derivatives market, and rulemaking for technical amendments to the CFTC's regulatory provisions regarding collateral, margin, clearing, settlement, reporting, and recordkeeping to facilitate the use of blockchain technology and market infrastructure, including tokenization, in our markets.