CFTC Requests Comment on Listing Spot Crypto Contracts

The CFTC requested comment on the potential listing of spot crypto asset contracts on CFTC-registered designated contract markets ("DCMs").

The CFTC invited public feedback by August 18 on listing spot crypto asset contracts on DCMs, specifically requesting input on: (i) Section 2(c)(2)(D) ("Jurisdiction of Commission") of the Commodity Exchange Act; (ii) Part 40 ("Provisions common to Registered Entities") of CFTC regulations; and (iii) potential implications under securities laws related to an SEC framework for non-security assets within investment contracts.

Acting Chair Caroline D. Pham said the CFTC is moving "full speed ahead" on enabling immediate federal-level trading of digital assets, highlighting that the agency can implement a framework now under the Commodity Exchange Act. 

The CFTC stated the effort marks the first step in the agency’s "crypto sprint" to implement recommendations from the President’s Working Group on Digital Asset Markets report. (See previous coverage.)