The U.S. Commodity Futures Trading Commission (CFTC) has announced the launch of an initiative called 'Crypto Sprint,' aimed at allowing spot crypto contracts to trade on registered exchanges.
CFTC's New Directive
CFTC has permitted the trading of spot crypto contracts on federally registered exchanges, including assets like Bitcoin, Ethereum, Solana, and XRP. This directive was published on August 4 as part of the new 'Crypto Sprint' initiative, aligning with SEC efforts to streamline digital asset regulation in the U.S.
Benefits and Objectives of the Initiative
The spot contracts will settle in actual digital assets, improving market transparency and compliance. CFTC Acting Chair Caroline D. Pham emphasized the need to leverage existing authority under the Commodity Exchange Act, inviting public feedback through August 18, 2025.
Market Prospects for Cryptocurrencies
This initiative is viewed as a significant step towards clarity in crypto regulation. It may reduce risks and attract institutional investors while increasing the market share of U.S. registered exchanges. The reform coincides with the recently signed GENIUS Act, reflecting a growing movement toward clearer legislation in the realm of digital assets.
With the CFTC's decision to allow spot crypto contracts on registered exchanges, significant changes are expected in the U.S. digital currency landscape, aligning with overall efforts toward stricter regulation and investor protection.
