PANews reported on December 4th that Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced today that listed spot cryptocurrency products will begin trading for the first time on the U.S. federally regulated market of a futures exchange registered with the CFTC. Today's announcement follows the recommendations of the President's Working Group on Digital Asset Markets, incorporates insights from stakeholders in the CFTC's "Crypto Sprint" initiative, and reflects the results of collaboration with the U.S. Securities and Exchange Commission.

The “Crypto Sprint” initiative also launched a public consultation on all other recommendations related to the CFTC in the President’s Working Group on Digital Asset Markets report. Other aspects of the initiative include: enabling tokenized collateral (including stablecoins) in derivatives markets, and rulemaking to technically revise the CFTC’s regulations on collateral, margin, clearing, settlement, reporting, and record keeping to leverage blockchain technology and market infrastructure, including tokenization, in our markets.