The American Committee Futures Trading Commission (CFTC) said that it sought to allow the trade in spot cryptography contracts on the registered scholarships and seeks the contributions of the stakeholders who seem to implement the cryptographic ambitions of President Donald Trump.
The agency hopes that stakeholders work with it to provide regulatory clarity on the registration of cryptographic asset contracts on a registered term exchange CFTC – also known as the market for designated contracts (DCM), one of the types of licenses by CFTC administrations, said the acting president, Caroline Pham, in a press release on Monday.
“From today, we invite all stakeholders to work with us to provide regulatory clarity on how to list cryptographic asset contracts on a DCM using our existing authority, as I have already proposed since 2022,” said Pham. “Together, we will make America the world capital of cryptography.”
The “Listed Spot Crypto Trading Initiative” is the first step that the CFTC has taken in response to the work report on the digital asset markets of Trump which was published last week. The report defines expectations for American regulators, such as the CFTC will allow digital asset trade by providing market clarity in areas such as registration and custody.
The initiative is also part of the “crypto” of the Securities and Exchange Commission which is an initiative on the scale of the commission which aims to modernize the rules of titles so that the financial markets can go to the blockchain, the technology which underlies crypto, said the president of the dry, Paul Atkins, in a press release last week.
“Under the leadership and solid vision of President Trump, the CFTC is at full speed to allow immediate trade in digital assets at the federal level in coordination with the Crypto project of the SEC,” said Pham.
Stakeholders are encouraged to submit their suggestions on the inscription of cryptographic asset contracts to the point by August 18.
The Congress also works on the specification of roles that the CFTC and the SEC should have to supervise the crypto, with legislation on the structure of the market – such as the law on the clarity of representatives – aimed at making basic products regulator the main supervisor of the cash market of the crypto.
