The Commodity Futures Trading Commission (CFTC) is preparing to implement spot cryptocurrency products on regulated exchanges. According to informed sources, acting CFTC Chair Caroline Pham is actively holding meetings with representatives of leading cryptocurrency exchanges to coordinate the mechanisms for launching new instruments.
This is reported by Business • Media
Establishment of a New Division and Preparation of Guidelines
The regulator plans to create an experimental division within the enforcement department to support the development of spot crypto products. The CFTC is also developing recommendations regarding the mechanics of trading digital assets, based on the existing legal framework and current authorities. Experts believe this is sufficient for the full launch of new financial instruments in the US market.
Legalization of Stablecoins and Personnel Changes
A separate area of focus for the CFTC concerns the legalization of the use of stablecoins as tokenized collateral. This process is expected to begin as early as the start of 2026. However, according to informed sources, Caroline Pham may leave her position at the regulator and move to MoonPay by that time.
“While we continue to work with Congress on legislative clarity for the digital asset market, we are already utilizing existing authorities to implement the recommendations from the presidential working group’s report,” Caroline Pham stated in a comment to CoinDesk.
Pham also emphasized that she expects the launch of new cryptocurrency products by the end of this year. Previously, the CFTC had already announced an initiative to integrate stablecoins into the US derivatives markets.