Overview
- The CFTC has opened a public comment period through August 18 on its initiative to list spot crypto asset contracts on registered futures exchanges under existing Commodity Exchange Act authority.
- Acting Chair Caroline Pham’s proposal leverages current DCM oversight of leveraged retail commodity trades to bring spot crypto under federal regulation without new legislation.
- The plan is part of the agency’s Crypto Sprint and aligns with the SEC’s Project Crypto initiative to harmonize digital asset oversight.
- Major designated contract markets like CME Group and ICE Futures US could list physically settled spot contracts for Bitcoin, Ethereum, XRP and Solana alongside derivatives.
- The CFTC intends to review stakeholder feedback before publishing a formal rule proposal in early 2026 with the goal of improving market transparency and shifting trading volumes onshore.