The US Commodity Futures Trading Commission is enabling the trading of “spot crypto asset contracts” on CFTC-registered futures exchanges as part of a “crypto sprint” initiative. Acting Chair Caroline Pham stated that a spot crypto asset contract would mirror spot crypto prices and be traded on a designated contract market.

The CFTC is seeking public input on the application of the Commodity Exchange Act and CFTC regulations related to retail commodity transactions involving leverage and margin. They are also considering the implications of securities laws on trading non-security assets, with the public comment submission period closing on Aug. 18.

The Working Group’s crypto policy recommendations report advised the CFTC to clarify how cryptocurrencies are considered commodities and provide guidance to CFTC-regulated entities on handling crypto. Other recommendations focus on accommodating blockchain-based derivatives and working with other financial agencies like the SEC and Treasury.

The CFTC currently has only two commissioners, with one expected to depart later this year. Former Chair Rostin Behnam resigned in 2025, and Trump’s pick for permanent chair, Brian Quintenz, remains in limbo after a Senate vote was postponed. Summer Mersinger and Christy Goldsmith Romero also stepped down in late May.

Read more at Cointelegraph: CFTC Seeks Input On How To Regulate Spot Crypto Contracts