Spot Crypto Products to Begin Trading on CFTC-Registered Exchanges
Dec 4 (Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday that spot crypto asset contracts will begin trading for the first time on futures exchanges registered with the agency.
The move, first hinted at in August, is another effort by the Trump administration to integrate digital assets into mainstream finance and could facilitate the broader use of cryptocurrencies.
"Recent events on offshore exchanges have shown us how essential it is for Americans to have more choice and access to safe, regulated U.S. markets," CFTC Acting Chairman Caroline Pham said.
The CFTC, which oversees U.S. derivatives markets, had also launched an initiative in September to collect feedback and suggestions from interested stakeholders on the use of tokenized collateral, including stablecoins, in derivatives markets.
Digital Assets Industry Advances
The digital assets industry has made strides this year under President Donald Trump, with bills like the GENIUS Act and CLARITY Act aimed at providing new, tailored rules the industry has long advocated for.
Trump's support for digital assets sharply contrasts with former President Joe Biden's stance, who moved aggressively against the industry in an effort to curb fraud and money laundering.
This article has been published in reuters.com via Yahoo News.
