The Commodity Futures Trading Commission (CFTC) has opened a public consultation to gather feedback on regulating cryptocurrency spot markets, specifically targeting Bitcoin trading. This initiative aligns with the Trump administration’s broader 18-point crypto policy framework designed to strengthen oversight and legal clarity for digital assets.
The proposal examines spot crypto contracts under the Commodity Exchange Act and CFTC regulations, particularly focusing on instruments that resemble futures products. It aims to ensure market integrity and compliance with securities laws while acknowledging the Securities and Exchange Commission’s (SEC) jurisdictional boundaries. The CFTC coordinates closely with the SEC, Treasury, and other agencies, upholding its critical role in futures regulation while advancing recommendations from the administration to foster responsible innovation.
Despite facing staffing limitations, the CFTC maintains regulatory momentum through initiatives like its dedicated ‘crypto sprint’ program. Public comments on the proposed oversight framework are accepted until August 18, marking a key step in shaping the future of US digital asset market regulation.