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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
U.S. CFTC-Driven Spot Crypto Trading Going Live, Opening Up New (Regulated) Arena
Source: CryptoNewsNet Original Title: U.S. CFTC-Driven Spot Crypto Trading Going Live, Opening Up New (Regulated) Arena Original Link: The U.S. Commodity Futures Trading Commission is ushering in a new form of federally regulated crypto trading, having encouraged its regulated platforms to open up leveraged spot digital assets products, which is set to begin next week with a certain regulated platform.
The exchange is regulated by the U.S. derivatives watchdog as a designated contract market (DCM), meaning this new activity will be launching in a fully regulated space, following strong encouragement from the federal agency — including direct meetings with Acting Chairman Caroline Pham to help the process along when the federal government was shut down for a prolonged period.
“Recent events on offshore exchanges have shown us how essential it is for Americans to have more choice and access to safe, regulated U.S. markets,” Pham said in a statement. “Now, for the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, with the customer protections and market integrity that Americans deserve.”