The U.S. Commodity Futures Trading Commission on 4 Aug 2025 unveiled an initiative that would allow CFTC-registered futures exchanges to list and trade spot crypto-asset contracts. Acting Chair Caroline Pham said the agency aims to bring immediate, regulated trading of digital assets—such as bitcoin—under federal oversight. The proposal, which forms part of the CFTC’s broader “crypto sprint” announced last week, opens a public-comment period to gauge industry and investor feedback. By extending its remit from derivatives to spot markets, the regulator seeks to close a significant gap in U.S. crypto supervision and provide exchanges with a clear pathway to offer direct buying and selling of digital tokens.