CFTC Opens Door to Spot Crypto on Regulated Exchanges – Industry Feedback Wanted

The Commodity Futures Trading Commission (CFTC) just dropped a bombshell—they're exploring a framework to list spot crypto on registered exchanges. No more shadows; regulators want digital assets playing by traditional market rules.
Wall Street meets blockchain
This isn't just about Bitcoin ETFs anymore. The proposal could legitimize direct trading of cryptocurrencies without derivatives wrappers—finally giving institutions the 'clean' exposure they've pretended not to want for a decade.
The fine print matters
Expect months of industry squabbling over custody standards, surveillance requirements, and whether exchanges will need to prove reserves—or just pinky-swear like they did pre-2022.
Regulators hedging their bets? How novel.