#CFTCCryptoSprint
🚀 What's Happening
On August 1, 2025, Acting Chair Caroline D. Pham officially launched the CFTC “Crypto Sprint”, aimed at implementing the White House’s Working Group on Digital Asset Markets’ policy proposals.
As part of this sprint, on August 4, 2025, the CFTC unveiled a key proposal: to allow spot crypto asset contracts—for assets like Bitcoin and Ethereum—to be listed and traded on CFTC‑registered designated contract markets (DCMs) using existing authority.
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📌 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 Act—already in force—which mandates leveraged commodity trading to happen on registered DCMs. The CFTC is applying this to crypto assets using their existing rule‑making authority.
The agency is now seeking public input on rule implementation details—including DCM registration, compliance provisions, and potential overlap with SEC regulations—through August 18, 2025.
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🧭 Broader Context & Coordination
CFTC is closely coordinating with the SEC’s “Project Crypto,” ensuring a harmonized federal approach to crypto regulation encompassing both spot commodity trading and securities frameworks.
The initiative aligns with President Trump’s goal of positioning the U.S. as the **“crypto capital of the world.”**
This move follows recent legislative efforts like the GENIUS Act and CLARITY Act, which aim to further formalize regulatory definitions for digital assets.
