Acting Chair Caroline Pham stated that the current legal framework could be applied without the need for new regulations. She emphasized that spot crypto assets could be traded through designated contract markets (DCMs). This approach directly conflicts with the SEC’s securities interpretations. 

CFTC-registered DCM platforms like CME Group and ICE Futures US operate under strict supervision and customer protection measures. The plan would allow these platforms to list physically settled crypto contracts. 

However, Pham opposes complex regulations similar to Europe’s MiCA. She advocates for streamlined and effective solutions to maintain the U.S.’s market leadership. 

SEC-CFTC Conflict 

Some legal experts warn that the plan carries significant risks. Andrew Rossow, CEO of AR Media Consulting, pointed out that crypto assets cannot be rigidly categorized. According to Rossow, assets may acquire security characteristics over time, threatening regulatory stability. 

The CFTC’s authority is limited to leveraged or collateralized transactions conducted only through DCM platforms. Meanwhile, the SEC still classifies many cryptocurrencies as securities under the Howey Test. 

Rossow emphasized that this dual framework doesn’t align with the dynamic nature of crypto assets. Even if investors comply with CFTC rules, they may face retroactive SEC enforcement actions. 

Moreover, this situation could trigger various legal consequences such as unregistered securities trading or brokerage violations. Consequently, even if the plan is implemented, a lack of coordination between agencies increases risks. 

CFTC Moves to Accelerate Crypto Regulation in the U.S. 

Caroline Pham aims to implement spot crypto regulations within 12 to 18 months, positioning the U.S. as a global crypto hub. 

However, without resolving uncertainties around securities-commodity distinctions, such steps could lead to further legal confusion. Also, listings made without clear investor protections may undermine trust. 

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The post U.S. May Allow Spot Crypto Listings on Regulated Exchanges appeared first on Coin Engineer.

This strategic move by Coinbase aims to increase market liquidity and provide opportunities for diversified investments in different digital assets. As Venice Token (VVV), Cookie DAO (COOKIE), and Bio Protocol (BIO) continue to gain popularity in the crypto world, this new perpetual futures market will offer investors more options and strategies.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The perpetual futures markets will allow investors to take long and short positions, providing flexibility to create investment strategies based on market conditions. The launch of these new markets aims to further boost Coinbase‘s global trading volume and attract a variety of investor groups.

With this move, Coinbase is strengthening its position in the market and offering more opportunities for traders. Additionally, the new perpetual futures market will enhance the trading experience in the highly volatile cryptocurrency market.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coinbase Announces Three New Futures Listings! appeared first on Coin Engineer.