Overview
- Acting Chair Caroline Pham said listed spot cryptocurrency products will trade on CFTC‑registered exchanges for the first time in the United States.
- Chicago-based Bitnomial, a CFTC‑regulated DCM and DCO, plans to launch leveraged spot crypto trading the week of December 8.
- Bitnomial says spot trading will operate under the same framework as U.S. perpetuals, futures, and options with equal treatment for retail and institutional orders.
- The CFTC outlined forthcoming rulemaking to enable tokenized collateral, including stablecoins, and to modernize clearing, settlement, reporting, and recordkeeping using blockchain.
- Although major tokens are treated as commodities, the CFTC lacks broad authority over spot‑market manipulation, leaving Congress to address that gap through legislation.