BlockBeats News, December 4, Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Caroline D. Pham today announced that listed spot cryptocurrency products will begin trading for the first time on a CFTC-registered futures trading platform in the U.S. federal regulated market. Today’s announcement follows the recommendations of the President’s Working Group on Financial Markets and incorporates input from stakeholders under the CFTC’s “Crypto Sprint” initiative and collaboration with the U.S. Securities and Exchange Commission.
The “Crypto Sprint” initiative has also launched a public consultation on all other recommendations related to the CFTC in the President’s report on the digital asset market. Other aspects of this initiative include enabling tokenized collateral in the derivatives market (including stablecoins) and making technical revisions to regulatory provisions by the CFTC on collateral, margin, clearing, settlement, reporting, and recordkeeping to facilitate the use of blockchain technology and market infrastructure, including tokenization technology in our markets.
