The American Commodity Futures Trading Committee launched an initiative to enable the trading of “instant encoding contracts” on the future stock exchanges registered at CFTC.
The invitation is part of the CFTC “CFTC” initiative to implement recommendations from the Donald Trump working group in the digital asset markets, which included 18 recommendations.
“CFTC tops full speed in enabling immediate trading of digital assets at the federal level in coordination with the Crypto for the SEC project,” books CFTC chair Caroline Fim in a statement on Monday.
“There is a clear and simple solution that CFTC can implement now.”
The immediate encoding contract will resemble a futures contract, which reflects immediate encryption prices and is traded in the CFTC (DCM) contract.
CFTC is usually limited to organizing derivative products instead of commodities, except in cases of fraud and manipulation of the market.
CFTC seeks to get general inputs
CFTC specifically seeks to obtain notes on the application of Section 2 (C) (2) (d) of the goods exchange law and part 40 of the CFTC regulations.
Section 2 (C) (2) (D) requires that basic commodity transactions for retail, which includes leverage, margin, or financing on the registered DCM CFTC-provides a legal framework for organizing instant encryption contracts.
Part 40 of CFTC regulations relate to DCMS, including registration requirements, compliance and enforcement provisions.
CFTC also seeks to obtain inputs on potential effects under Securities laws, such as how to apply the SEC framework to trading non -security assets that may constitute an investment contract.
The general suspension period will be closed on August 18.
18 recommendations to CFTC
CFTC’s coffin recommendation report, CFTC, advised how to consider cryptocurrencies a commodity; How will registration requirements work with participants in the decentralized financing market; Providing CFTC entities on what they can do with Crypto.
Related to: US Department of Justice, CFTC End Polymarkt investigations – Report
Another major task is to consider how to adjust the rules to accommodate Blockchain derivatives.
16 additional recommendations have been linked to CFTC with other financial agencies, such as SEC and the Treasury.
CFTC is currently short on three commissioners
CFTC currently works with only two commissioners: PAM and Kristin N. Johnson, who is expected to leave later this year.
On January 20, 2025, former CFTC Penam resigned, when the Trump administration took over, while Mercinger and Restley Goldsmith Romero stepped in late May.
Meanwhile, Trump’s choice of permanent chair – Brian Quintns – is still forgetting after the White House intervened to postpone the Senate’s vote on his candidacy last week.
magazine: Bilal Bin Sakb says that Pakistan will publish the Bitcoin Reserve in Devi.
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