Ondo Finance (@OndoFinance): Following up on its Crypto Sprint initiative, CFTC makes its first major move.
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Following up on its Crypto Sprint initiative, CFTC makes its first major move. The Commodity Futures Trading Commission will launch an initiative for trading spot crypto asset contracts that are listed on a CFTC-registered futures exchange (designated contract market or DCM). “The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM. Starting today, we invite all stakeholders to work with us on providing regulatory clarity on how to list spot crypto asset contracts on a DCM using our existing authority.” announced Acting Chairman Caroline Pham (@CFTCpham) U.S. regulators are taking bold actions to make America the “crypto capital of the world” following President Trump's vision and leadership. Ondo is helping make that vision reality.