Overview
- Acting Chair Caroline Pham launched the latest phase to gather stakeholder input on CFTC‑relevant recommendations beyond spot trading, including custody, leveraged retail products and consumer protections.
- The CFTC set Oct. 20, 2025 as the deadline for public comments on the expanded agenda tied to the President’s Working Group report.
- Regulators say the effort is coordinated with the SEC’s Project Crypto to align securities and commodities oversight for digital assets.
- Leadership remains unsettled at the CFTC after the Senate Agriculture Committee delayed a vote on chairman nominee Brian Quintenz, leaving Pham serving in an acting role.
- The political backdrop includes a House defense bill amendment that would bar the Federal Reserve from studying or creating a central bank digital currency.