Overview
- Acting Chair Caroline Pham said CFTC-registered exchanges may list spot cryptocurrency products for the first time, calling it a milestone for safer U.S. market access.
- Bitnomial, a CFTC-regulated DCM and DCO, plans to start leveraged spot trading next week with equal treatment for retail and institutional orders and unified portfolio margining.
- The agency is preparing updates to permit tokenized collateral, including stablecoins, and to modernize clearing, settlement, reporting, and recordkeeping for digital assets.
- Major venues such as CME, Cboe, ICE, Coinbase, Kalshi, and Polymarket are discussing potential spot and leveraged offerings under the new pathway, according to industry reporting.
- The rollout comes during a leadership transition as Pham serves as acting chair and the Senate advances President Trump’s nominee Michael Selig, while Congress weighs broader market-structure legislation.