(Reuters) .- The Basic Products Trade Commission (CFTC) announced that it will allow the trade of cash contracts to cash that are listed in a futures bag registered with the regulator.
The digital asset industry has advanced under the administration of President Donald Trump, since laws such as Genius Act and Clarity Act have provided greater regulatory certainty.
The Commission will enable the immediate trade of digital assets at the federal level in coordination with the “Crypto Project” of the Bolsa and Securities Commission (SEC), the interim president of the CFTC, Caroline Pham, reported.
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The CFTC invited interested parties to share opinions on how to list the Cryptoactive contracts in cash in a designated market.
The president of the SEC, Paul Atkins, presented several initiatives in favor of cryptocurrencies last week, including staff instruction to develop guidelines that determine when a cryptographic token qualifies as a value, in addition to proposals for different types of disseminations and exemptions.
The coordinated approach of both regulators represents an important victory for the crypto industry, which has long advocated a specific and adapted regulation.
“Together, we will make the world capital of cryptocurrencies from the United States,” said Pham.
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