Page 22 - 期货和衍生品行业监管动态（2025年12月）

期货和衍生品行业监管动态

计划还就总统工作组报告中与 CFTC 相关的所有其他建议启动了公开征求意见。

该计划的其他组成部分包括：在衍生品市场启用代币化担保品（含稳定币），以

及通过规则修订对 CFTC 关于担保品、保证金、清算、结算、报告和记录保存的

法规进行技术性修正，以促进区块链技术和市场基础设施（包括代币化）在美国

市场的应用。

Acting Chairman Pham Announces First-Ever Listed Spot Crypto Trading on

U.S. Regulated Exchanges (2025/12/1)

Federally regulated spot crypto markets open a new Golden Age for Innovation

in America

Commodity Futures Trading Commission Acting Chairman Caroline D. Pham

today announced that listed spot cryptocurrency products will begin trading for the

first time in U.S. federally regulated markets on CFTC registered futures exchanges.

The announcement marks a significant step forward in the Trump Administration’s

pledge to usher in a Golden Age of Innovation and make America the “crypto capital

of the world.”

“The CFTC has a rich history of welcoming responsible innovation on futures

exchanges by balancing regulatory flexibility with core principles that safeguard both

institutional and retail traders. Thanks to President Trump’s leadership, this

Administration has developed a comprehensive all-of-government plan for America to

reclaim its place as the world leader in digital asset markets, and the CFTC has a

central role to play,” Acting Chairman Pham said. “Recent events on offshore

exchanges have shown us how essential it is for Americans to have more choice and

access to safe, regulated U.S. markets. Now, for the first time ever, spot crypto can

trade on CFTC-registered exchanges that have been the gold standard for nearly a

hundred years, with the customer protections and market integrity that Americans

deserve.

“Fifteen years ago, Congress passed important reforms to strengthen U.S.

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