The U.S. Commodity Futures Trading Commission (CFTC) announced on Monday it will permit trading of spot crypto asset contracts listed on futures exchanges registered with the regulator.
CFTC acting chairman Caroline Pham said the move will enable immediate trading of digital assets at the federal level, working alongside the Securities and Exchange Commission’s “Project Crypto.”
The agency has invited input from stakeholders on how to list these spot crypto contracts in designated markets.
“This is a significant development, not just for the U.S. but for global markets,” said Saad Ahmed, head of Asia Pacific at Gemini. “It brings crypto one step closer to the structure and standards of traditional markets—an important shift that could drive broader participation from institutions and more sophisticated market participants globally.”
This progress comes amid growing regulatory clarity under President Donald Trump’s administration, including legislation like the GENIUS Act and CLARITY Act.
Shortly after taking office, Trump created a crypto working group to propose new regulations, fulfilling his campaign promise to revamp U.S. crypto policy.
SEC Chair Paul Atkins recently highlighted pro-crypto efforts such as drafting guidelines to determine when a crypto token qualifies as a security and recommending various disclosure requirements and exemptions.
The collaborative approach between the CFTC and SEC is hailed as a major win for the crypto industry, long seeking tailored regulation.
“The hope continues to be that a broader range of assets beyond bitcoin and ethereum entrench themselves on U.S. venues over the next 24 months, and moves like this ultimately help along that process,” said Joseph Edwards, head of research at Enigma Securities.
Trump’s supportive stance contrasts with former President Joe Biden’s administration, which cracked down on exchanges such as Coinbase and Binance, suing them for alleged violations of U.S. laws. The Trump SEC has since dropped those cases.
Bitcoin was last down 0.68% at $114,077.05 on Tuesday but remains up over 20% for the year. Ether declined 2% to $3,621.70.
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