CFTC Milestone - Approval of First U . S .- Regulated Spot...
Curious about the latest trends in facebook video? Start with our overview of CFTC Milestone - Approval of First U . S .- Regulated Spot.... CFTC Milestone: Approval of First U.S.-Regulated Spot Cryptocurrency Trading The U.S. Commodity Futures Trading Commission (CFTC) has announced a landmark regulatory advancement: the approval of spot cryptocurrency trading on CFTC-registered exchanges. This development, led by Acting Chair Caroline Pham, marks the inaugural instance of federally overseen spot markets for digital assets such as Bitcoin and others. Platforms like Bitnomial are slated to commence operations as early as next week, enabling onshore trading with robust safeguards against the vulnerabilities of unregulated offshore venues. Key Implications for the Cryptocurrency Ecosystem This approval represents a pivotal step toward institutionalizing crypto markets in the United States, aligning with the current administration's vision to position the nation as the g...