The U.S. Commodity Futures Trading Commission (CFTC) has announced its intent to gather public feedback on the potential integration of spot cryptocurrency trading on registered exchanges.
CFTC's Initiative on Spot Trading
On August 5, 2025, the CFTC announced a call for public input regarding the implementation of spot cryptocurrency trading on registered futures exchanges in the U.S. Acting Chairman Caroline Pham noted that this initiative aligns with the goals of the Trump administration and involves cooperation with the SEC.
Industry Reactions to the Changes
Reactions from the industry have been measured as key stakeholders prepare to submit their feedback. Caroline Pham emphasizes the CFTC's readiness to advance digital trading under federal guidelines.
Global Comparisons in Crypto Regulation
The U.S. initiative to consider spot cryptocurrency trading comes in the wake of Europe's MiCA, which employs unique regulations for digital assets. This contrasts with the U.S. approach of adapting existing regulatory frameworks.
The CFTC's initiative on spot cryptocurrency trading could reshape the U.S. market, opening new opportunities for institutional players and increasing trading volume.
