Acting Chair of the U.S. CFTC Advocates for the Introduction of Leveraged Cryptocurrency Spot Trading

On the 10th, Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), confirmed that leveraged cryptocurrency spot trading could start as early as next month. The commission is currently in discussions with regulated exchanges. This corroborates reports previously published by CoinDesk. As the sole commissioner currently serving at the CFTC, Pham holds significant authority to lead the agency's policies, especially as other commissioner positions remain vacant. Despite delays in the confirmation of her successor, nominated by President Trump, due to a government shutdown, Pham is utilizing existing commodity trading laws and is not waiting for new legislation from Congress...