The US Commodity Futures Trading Commission (CFTC) is considering a new initiative that could allow spot trading of cryptocurrencies on regulated futures exchanges, known as designated contract markets (DCMs).
This move aligns with the CFTC's and SEC's ongoing efforts to provide regulatory clarity for digital assets, particularly with regard to whether cryptocurrencies should be classified as securities or commodities.
CFTC Acting Chair Caroline Pham announced the program on Monday and invited stakeholders to collaborate on developing regulatory guidelines for listing spot cryptocurrency contracts on DCMs.
The deadline for public comments is August 18.