The U.S. Commodity Futures Trading Commission (CFTC) is advancing its plans to introduce spot crypto trading products on regulated exchanges, aiming for a launch as early as next month. Despite lacking direct congressional authority over digital asset spot markets, Interim CFTC Chair Caroline Pham is actively engaging with exchanges to develop a trading framework. This initiative is expected to offer institutional investors regulated access to leveraged crypto products, potentially enhancing market confidence and participation.