The initiative is coordinated with the SEC's Project Crypto to implement federal digital asset trading.
The Commodity Futures Trading Commission Acting Chairman Caroline D. Pham announced that the agency will begin its next crypto sprint initiative. The initiative will focus on implementing recommendations from the President's Working Group on Digital Asset Markets report.
The announcement follows the earlier launch of the CFTC's crypto sprint this month. Pham said the process will include stakeholder engagement on all recommendations relevant to the CFTC.
According to Pham, the Administration considers federal-level trading of digital assets a top priority. She noted that the CFTC has received letters from stakeholders regarding its listed spot crypto trading initiative.
Feedback will be used to assess issues connected with leveraged, margined, or financed retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term on CFTC-registered exchanges.
The initiative is being carried out in coordination with the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission's Project Crypto. Both efforts are linked to the President's directive on American leadership in digital financial technology.
You may find it interesting at FinanceMagnates.com: CFTC Wants to Allow "Spot Crypto Asset Contracts" Trading on Registered Exchanges.
Pham said the CFTC will also begin engagement on additional recommendations outlined in the Working Group report. The agency has invited public comments and suggestions on all recommendations that apply to its role.
Earlier, outgoing CFTC Commissioner Summer Mersinger confirmed that the agency may soon authorise the issuance and trading of crypto perpetual contracts in the United States. Speaking to Bloomberg TV, she said applications are under review and trading could begin shortly, noting that bringing such activity onshore would benefit the market.
Perpetual contracts, or "perps," function like futures but have no expiration dates. They are widely offered by offshore exchanges such as Binance, OKX, and Bybit, and are already regulated in some European markets.