DeutschThe US regulatory authority CFTC announces a Golden Age for crypto. Caroline Pham, chair of the authority, aims to comply with a demand from US President Donald Trump and promote the domestic crypto industry. She now officially approves spot trading of cryptocurrencies on regulated exchanges.
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CFTC announces Golden Age for cryptocurrencies
The US regulatory authority CFTC announces a Golden Age for cryptocurrencies such as Bitcoin. Through a new regulatory approach, they aim to unlock new potential of digital assets that has remained untapped until now.
“CFTC Chair Caroline Pham announced today that exchange-traded spot cryptocurrency products may be traded for the first time on CFTC-registered futures exchanges in the federally regulated markets of the United States,” the authority stated in a press release.
The CFTC is responsible for regulating options and futures markets. Through the recent approval of crypto trading, they aim to support incumbent US President Donald Trump in his work.
Since May 2024, Trump announced that in the event of another presidency, he would make the US a global crypto hub. He wants to usher in a Golden Age for cryptocurrencies. In November of the same year, the politician won the election. Since January 2025, he has been actively implementing his election promises as US President.
“The announcement is a significant step forward in the Trump administration’s efforts to usher in a golden age of innovation,” the CTFC declared.
The regulatory authority thus aims to further expand the existing crypto trading offerings. Americans are expected to benefit from increased investor protection. Thanks to the regulatory authorities, their funds are safe. The CFTC is apparently referring to the FTX crash in 2022, which caused billions in damages to investors.
“Recent events on offshore exchanges have shown us how important it is for Americans to have more choice and access to secure, regulated US markets,” the CFTC wrote.
Crypto Potential of US Market Remained Untapped for a Long Time
CFTC Chair Caroline Pham heavily criticizes her predecessors for their work. According to her assessment, they had hindered the US market – to the detriment of investors. Even 15 years ago, the CFTC could have implemented modern regulation, but actively decided against it.
“Fifteen years ago, Congress passed important reforms to strengthen US markets after the Great Financial Crisis, including the requirement that leveraged commodity trading for retail investors may only take place on futures exchanges.”
However, the CFTC never applied this rule, even though the market had demanded it.
“The CFTC never implemented this important reform (…). Instead, the CFTC opted for regulation through repression rather than establishing clear rules.”
Pham wants to keep the financial industry’s innovations in the US. She thus wants to allow her fellow citizens to participate in modern financial assets without sacrificing the reliability of US exchange products. Residents should thus be able to trade on domestic markets instead of taking their capital abroad.
Pham was inspired in the implementation by the Crypto Policy Report. A working group founded by US President Trump had outlined fundamental policy measures in it during the summer that were necessary to promote the crypto industry in the US.
