The CFTC is pushing for the introduction of cryptocurrency spot leverage trading on regulated trading platforms
BlockBeats News, November 10th, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham confirmed a previous report: the agency is in direct discussions with regulated trading platforms, planning to launch cryptocurrency spot trading, including leverage products, as early as next month.
Despite the current federal government "shutdown" due to budget issues and hindered progress on other cryptocurrency-related policies, the plan is still moving forward. Pham has held discussions with several CFTC-regulated Designated Contract Markets (DCMs). The list includes financial giants CME, Cboe Futures Exchange, ICE Futures Exchange, as well as crypto-native platforms Coinbase Derivatives and prediction markets Kalshi and Polymarket US. The discussions covered the launch of crypto spot trading products with margin, leverage, and financing features.
Pham stated in an interview, "As we continue to work with Congress to bring legislative clarity to these markets, we are also leveraging existing authorities to swiftly implement the relevant recommendations from the President's Working Group on Financial Markets report." This move marks a significant shift in U.S. regulatory agencies' approach to overseeing the crypto market.
Until Congress formally grants the CFTC explicit regulatory authority over the crypto spot market, Pham is choosing to utilize existing provisions in the Commodity Exchange Act, which require all retail commodity transactions involving leverage, margin, or financing to occur on regulated exchanges.
You may also like

Trading Never Sleeps: On-Chain, Crude Oil, and Leverage

On-chain Yield Panorama: The Evolution from Interest-bearing Stablecoins to Crypto Credit Products

RootData announced the integration with OpenClaw, and these gameplay features have gone viral

Key Market Intelligence on March 9th, how much did you miss out on?

a16z: After AI Superpowers, Where to Next for Humanity?

Why Does Oil Go Up When Bitcoin Goes Down?

Decoding 112,000 Polymarket Addresses: The Top 1% Making Money Are Doing These Five Things

AAVE founder issues a warning: DeFi must never become the exit liquidity for Wall Street private credit
How To Create A Frequency So Strong It Makes Reality Obey You
The first-ever WEEX AI Hackathon has concluded, with 10 winners emerging from over 200 global teams. Beyond its $1.8 million prize pool, the event marked a milestone—proving that the future of AI trading belongs to accessible, AI-powered innovation.

The cryptocurrency industry has waited for five and a half years, and what they got is half a ticket

The trend of Ethena reveals what information about the cryptocurrency market

I've been in the crypto industry for five and a half years, and all I got was half a ticket.

Crude Oil Surges 25%, Hyperliquid Unfolds On-Chain Showdown

$20 Billion Valuation, Is Kalshi Engaging in an Arms Race with Polymarket?

Will Not Messing with OpenClaw Lead to Obsolescence in the AI Era? | Lobster Fuss Summit

Anticipating the Market's New Challenge to Political Elections

The Shadow Business Empire of Iran's New Supreme Leader: Oil, Real Estate, and Financial Intrigue
