This month, Acting Chair of the CFTC Caroline Pham confirmed a new phase in U.S. cryptocurrency regulation aimed at oversight of spot trading.
New Phase of Cryptocurrency Regulation
The CFTC is continuing to implement recommendations for the agency to gain oversight of spot trading for tokens not classified as securities. Earlier efforts in the 'crypto sprint' explored pathways for regulated futures markets to list spot digital asset contracts, and the agency is already seeking public feedback on such proposals.
Synergy with SEC Project
The CFTC’s initiative aligns with the SEC's 'Project Crypto,' aimed at modernizing securities regulation in the digital asset space. Together, these two programs reflect a coordinated federal approach to establish a clearer regulatory framework across futures, securities, banking, taxation, and law enforcement.
Future of Cryptocurrency Regulation in the U.S.
For now, the focus is on whether the CFTC will formally secure jurisdiction over spot crypto markets, which could reshape how U.S. investors access and trade digital assets.
Cryptocurrency regulation in the U.S. is tightening, which may impact investor access to digital assets. The interaction between the CFTC and SEC illustrates the government’s desire to create a stable and predictable regulatory environment.
