Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is working with regulated US crypto exchanges to launch leveraged spot crypto products as soon as next month. Pham confirmed her efforts in a recent post and mentioned ongoing talks with industry representatives despite the government shutdown.

The CFTC initiated a program in August to allow trading of “spot crypto asset contracts” on regulated exchanges. The Federal Register states that leveraged crypto spot positions must be limited to 28 days or risk being deemed illegal. This move comes as the regulator considers issuing guidance for leveraged spot crypto products.

A US government shutdown, which began on Oct. 1, is potentially nearing its end as the Senate weighs a continuing resolution to fund the government. Despite the shutdown, reports suggest progress in US crypto regulation, with senators advancing a bill on crypto market structure rules and continuing meetings on the bill in the Senate.

Read more at Cointelegraph: CFTC Chair Aims for Leveraged Spot Crypto Trading Next Month