The U.S. CFTC is considering allowing futures exchanges to conduct spot cryptocurrency trading.

On August 5, the Commodity Futures Trading Commission (CFTC) stated that it is considering allowing spot crypto asset trading on registered futures exchanges and is seeking input from stakeholders to implement the cryptocurrency development goals proposed by President Trump. CFTC Acting Chair Caroline Pham issued a statement on Monday, saying the agency hopes stakeholders will assist it in providing regulatory clarity on how to list spot crypto assets on CFTC-registered futures exchanges (also known as Designated Contract Markets, DCM). This is one of the types of exchanges regulated by the CFTC. The "Spot Crypto Trading Initiative" is the first response from the CFTC to the report released last week by the Trump administration's Digital Asset Market Working Group. The report outlines clear expectations for U.S. regulators, such as requiring the CFTC to provide a regulatory framework for digital asset trading by offering clear guidance on registration, custody, and other aspects. This initiative is also seen as part of the U.S. Securities and Exchange Commission's (SEC) "Project Crypto." SEC Chairman Paul Atkins issued a press release last week stating that the project is a comprehensive committee-wide initiative aimed at modernizing securities rules to enable financial markets to migrate to operate on Blockchain.