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CFTC Launches New Initiative for Regulating Spot Cryptocurrency Trading

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by Giorgi Kostiuk

15 hours ago

The U.S. Commodity Futures Trading Commission (CFTC) has commenced implementation of recommendations outlined in the White House report regarding the regulation of spot cryptocurrency trading.

CFTC's Initiative on Spot Cryptocurrency Trading

CFTC announced a new initiative aimed at clarifying the rules for listing spot crypto trading contracts on registered futures exchanges.

Feedback from Market Participants

The commission is calling upon stakeholders and the public to provide comments and suggestions regarding spot crypto trading, with a deadline for submissions set for August 18.

Statement from CFTC Chair

CFTC Interim Chair stated: "The CFTC, in coordination with the SEC’s Crypto Project, is moving full speed ahead to enable instantaneous trading of digital assets at the federal level."

CFTC continues its efforts to regulate the cryptocurrency market, inviting active participation from all stakeholders in the process.

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