The CFTC has announced that listed spot-crypto products will begin trading in U.S. federally regulated markets on CFTC-registered futures exchanges. Acting Chairman Caroline D. Pham shared the news, marking a significant step towards further implementation of crypto in traditional finance. It also further pushes forth the nation’s push to become the “crypto capital of the world” in the eyes of the Presidential administration.
The decision follows recommendations from the President’s Working Group and the agency Crypto Sprint, which gathered industry input to determine how to introduce spot products under current rules.
“The CFTC has a rich history of welcoming responsible innovation on futures exchanges by balancing regulatory flexibility with core principles that safeguard both institutional and retail traders. Thanks to President Trump’s leadership, this Administration has developed a comprehensive all-of-government plan for America to reclaim its place as the world leader in digital asset markets, and the CFTC has a central role to play,” Acting Chairman Pham said in a Thursday press release. “Recent events on offshore exchanges have shown us how essential it is for Americans to have more choice and access to safe, regulated U.S. markets. Now, for the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, with the customer protections and market integrity that Americans deserve.
Under the new system, all orders—retail and institutional—will receive equal treatment. There is no preferential routing, no informational advantage, and equal access to liquidity, a structure long sought by industry participants. For brokers and institutions, the move resolves longstanding compliance challenges related to state money transmitter rules, finally providing access to a federally regulated spot market. The CFTC has already approved the NYSE and Nasdaq to offer spot Bitcoin and Ether trading.
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The crypto market responded positively to the news, continuing its rebound that began over the past week. The overall market cap is up just under 1%, while Bitcoin is back above $92,000.