CFTC Advances Spot Crypto Products Amid Government ShutdownThe Commodity Futures Trading Commission (CFTC) is reportedly moving forward with plans to allow regulated exchanges to offer spot crypto products, despite ongoing efforts in Congress to grant the agency more direct authority over these markets. Interim chief Caroline Pham is in talks with several financial platforms about launching these products as early as next month. This initiative is progressing even amidst a federal government shutdown, which has otherwise stalled many crypto policy efforts in Washington. Pham is also busy with other internal overhauls at the CFTC, including restructuring the enforcement division and developing a policy for tokenized collateral. The most immediate focus is on regulating new retail spot products on regulated platforms, even without a specific law from Congress. This move could provide institutional investors with access to crypto products on regulated venues, offering familiar protections and potentially encouraging more institutional investors to enter the crypto space.

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