U.S. CFTC moves to regulate spot crypto markets via futures exchanges

Description

The U.S. Commodity Futures Trading Commission (CFTC) has proposed a new framework for regulating the trading of virtual currencies in the spot market through its registered futures offerings. The effort, Crypto Sprint as it is called, announced on August 1, aims to bring spot digital assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) into trading on CFTC-registered designated contract markets (DCMs). This is the first official step taken on behalf of the president’s Workin...