Last week the Commodity Futures Trading Commission’s (CFTC) Acting Chair Caroline Pham announced a crypto sprint, following the release of the White House Digital Assets report. While Congress debates legislation, she unveiled proposals to use existing CFTC licenses to cover spot crypto trading. Hence, the CFTC is inviting public input on plans to apply futures exchange rules – designated contract markets or DCMs – to spot crypto transactions. Comments are open until August 18. There is no questionnaire.
The announcement is quite concise, but a deeper explanation is provided in an opinion piece written earlier this year by the Acting Chair. She explains the cost to the…
