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3w ago

CFTC Proposes Spot Crypto Listings on Futures Exchanges

The regulator is soliciting stakeholder feedback through August 18 on listing physically settled crypto contracts under existing commodity laws.

Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo
cftc
CFTC explores allowing futures exchanges to offer spot Bitcoin, crypto trading
Cftc wants to allow “spot crypto asset contracts” trading on registered exchanges

Overview

  • Acting Chair Caroline Pham unveiled a proposal to allow CFTC-registered designated contract markets to list spot crypto asset contracts using existing Commodity Exchange Act authority.
  • Public comments are open through August 18 to gather input on contract structure, actual token settlement and compliance requirements.
  • The initiative forms part of the CFTC’s Crypto Sprint and is coordinated with the SEC’s Project Crypto to unify federal oversight of digital assets.
  • Exchanges such as CME Group and ICE Futures U.S. could list spot Bitcoin, Ethereum, Solana and XRP alongside existing derivatives under the plan.
  • Legal experts caution that unresolved security-versus-commodity classifications and potential SEC jurisdictional overlap could create compliance risks for market participants.