CFTC Forges Ahead on Crypto Rulemaking, Circumventing Congressional Gridlock
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As broader crypto legislation remains stalled, the Commodity Futures Trading Commission (CFTC) is taking matters into its own hands.
Acting Chair Caroline Pham confirmed the agency is leveraging its existing authority under the Commodity Exchange Act to launch regulated spot crypto trading—complete with leverage and margin.
This strategic move forges a new regulatory path for digital assets, even as other initiatives are delayed by a federal government shutdown.
By mandating that leveraged retail commodity trading must occur on regulated platforms, the CFTC is creating a de facto oversight regime for spot crypto markets without waiting for a new law from Congress.
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