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The US Commodity Futures Trading Commission (CFTC) has launched an initiative to allow spot crypto trading on exchanges registered under it.
CFTC Kicks Off Crypto Sprint With Spot Trading Initiative
In a new press release, CFTC acting chairman Caroline D. Pham has announced an initiative aimed at enabling trading of spot crypto contracts listed on Designated Contract Markets (DCMs) registered under the agency. The CFTC is a US government regulator that oversees derivatives markets in the country. These markets include futures, swaps, and certain types of options.
Last week, the firm announced a “crypto sprint” to begin implementing recommendations outlined in the Digital Assets Report created by the President’s Working Group.
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