#CFTCCryptoSprint
đ What's Happening
On August 1, 2025, Acting Chair Caroline D. Pham officially launched the CFTC âCrypto Sprintâ, aimed at implementing the White Houseâs Working Group on Digital Asset Marketsâ policy proposals.
As part of this sprint, on August 4, 2025, the CFTC unveiled a key proposal: to allow spot crypto asset contractsâfor assets like Bitcoin and Ethereumâto be listed and traded on CFTCâregistered designated contract markets (DCMs) using existing authority.
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đ Key Elements
Spot crypto asset contracts would be futures-style contracts that mirror the price of the underlying crypto and are traded on federally regulated exchanges (such as CME or ICE Futures).
The proposal relies on Section 2(c)(2)(D) of the Commodity Exchange Actâalready in forceâwhich mandates leveraged commodity trading to happen on registered DCMs. The CFTC is applying this to crypto assets using their existing ruleâmaking authority.
The agency is now seeking public input on rule implementation detailsâincluding DCM registration, compliance provisions, and potential overlap with SEC regulationsâthrough August 18, 2025.
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đ§ Broader Context & Coordination
CFTC is closely coordinating with the SECâs âProject Crypto,â ensuring a harmonized federal approach to crypto regulation encompassing both spot commodity trading and securities frameworks.
The initiative aligns with President Trumpâs goal of positioning the U.S. as the **âcrypto capital of the world.â**
This move follows recent legislative efforts like the GENIUS Act and CLARITY Act, which aim to further formalize regulatory definitions for digital assets.
