ChainCatcher News, the U.S. Commodity Futures Trading Commission (CFTC) Market Oversight, Clearing and Risk, and Market Participants Division today jointly released a "Request for Comments" aimed at comprehensively assessing the potential applications, advantages, and risks of implementing a 24/7 trading model in the derivatives markets under its regulation.CFTC Acting Chair Carolyn D. Pham stated, "The CFTC must proactively address changes in market structure while ensuring market vitality and resilience, safeguarding the rights of all participants. There is currently a trend towards expanding trading hours to 24/7, 24/6, or 24/5, and we look forward to feedback and suggestions from all sectors on this innovation."This request for comments focuses on: the differentiated impact of expanding CFTC-regulated derivatives markets to 24/7 trading on trade clearing, risk management systems, potential risks to market integrity, customer protection, and retail trading that may arise from the 24/7 trading model, as well as the challenges faced by the associated clearing systems in a continuous operating environment.

ChainCatcher News, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline D. Pham expressed support for the Department of Justice's announcement to terminate the policy of regulating the cryptocurrency industry through prosecution, and instructed the CFTC not to file lawsuits based on violations of the registration provisions of the Commodity Exchange Act in cases where the defendant lacks subjective intent.Additionally, she has adjusted the functions of the enforcement department to promote the swift resolution of compliance backlogs that do not involve customer harm or market abuse.

ChainCatcher news, Coinbase Derivatives has announced that it has submitted an application to the Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts, with the official expectation that the contracts will go live on April 21, 2025.

ChainCatcher news, according to a post by former Forbes business reporter Eleanor Terrett, the nominee for chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz, has begun meeting with senators on Capitol Hill in preparation for his confirmation hearing.Quintenz met today with Republican Senator Chuck Grassley from Iowa to discuss CFTC-related matters, including the cryptocurrency spot market.It is reported that Grassley is a member of the Senate Agriculture Committee, which oversees the CFTC and will play an important role in whether the CFTC expands its regulatory authority over the cryptocurrency spot market.

ChainCatcher news, according to official sources, the cryptocurrency derivatives trading platform Bitnomial has officially launched XRP futures regulated by the U.S. Commodity Futures Trading Commission (CFTC). The physically settled XRP/USD futures are now available for trading on the platform.

ChainCatcher news, according to crypto journalist Eleanor Terrett, after the U.S. Securities and Exchange Commission (SEC) agreed to withdraw its appeal against Ripple, the cryptocurrency derivatives exchange Bitnomial plans to withdraw its lawsuit against the SEC. Bitnomial had previously sued the SEC last October, as the SEC claimed regulatory authority over Bitnomial's planned XRP futures contracts.Terrett further revealed that Bitnomial will officially launch its XRP futures contracts, which have been approved by the U.S. Commodity Futures Trading Commission (CFTC), tomorrow morning.

ChainCatcher news, according to Cointelegraph, the cryptocurrency platform Debiex has been ordered to pay approximately $2.5 million for failing to respond to a lawsuit by the Commodity Futures Trading Commission (CFTC), which accused it of being part of a "pig butchering" scam. On March 13, U.S. District Judge Douglas Rayes in Arizona approved the CFTC's earlier motion for summary judgment and ordered Debiex to return approximately $2.26 million stolen from customers, along with a civil penalty of nearly $221,500. The judge stated that there was no evidence to suggest that Debiex's failure to respond to the CFTC was due to "excusable neglect."The CFTC filed a lawsuit against Debiex in January 2024, alleging that its employees carried out a so-called "pig butchering" scam, which involved establishing romantic relationships with clients through social media to gain their trust and persuade them to invest on the platform. The scam lured five victims to deposit approximately $2.3 million into Debiex, which "subsequently stole these funds."

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), stated that CFTC staff are engaging in communication and collaboration with SEC staff on digital assets and other related issues.Caroline Pham said: "We have restarted the dialogue at the staff level between CFTC and SEC. We hope to collaborate. In the past, we had a good working relationship, and I look forward to restoring that normal mode of cooperation."SEC Commissioner Hester Peirce also agreed with this. She stated: "The crypto working group has begun to identify what falls under the SEC's jurisdiction and what does not, which is very important. It is crucial to involve the public in the rule-making discussion; those affected by the rules should have the right to participate in the rule-making process."

ChainCatcher news, according to CoinDesk, former Chairman of the Commodity Futures Trading Commission (CFTC) Timothy Massad has urged Congress to prioritize the establishment of a stablecoin regulatory framework and to postpone discussions on cryptocurrency market structure legislation for several years. He believes that the currently proposed market structure plans may exacerbate regulatory confusion rather than provide clear guidance.

ChainCatcher news, according to Cointelegraph, U.S. CFTC (Commodity Futures Trading Commission) Commissioner Goldsmith Romero stated that she will resign from the commission after the new appointee selected by President Trump takes office.The report noted that after Romero's resignation, Christine Johnson will become the only Democrat on the five-member CFTC commission. Goldsmith Romero helped to rebuild the Technology Advisory Committee at the CFTC, which is aimed at guiding the agency on how to best respond to the cryptocurrency industry.Previously, it was reported that Trump chose a16z's head of crypto policy, Brian Quintenz, to serve as the CFTC chairman.

ChainCatcher news, Coinbase calls on the U.S. Congress to grant the Commodity Futures Trading Commission (CFTC) comprehensive authority to regulate the cryptocurrency spot market and has proposed six legislative priorities. Coinbase's Chief Policy Officer Faryar Shirzad emphasized in the proposal that Bitcoin and Ethereum should be classified as commodities rather than securities, and therefore the CFTC should be responsible for regulating the cryptocurrency spot market to ensure market transparency and prevent fraud and manipulation.The six core recommendations of the proposal include: clearly defining tokens and trading, granting the CFTC authority to regulate the spot market, establishing SEC capital raising rules, creating a regulatory framework for stablecoins, protecting decentralized finance (DeFi) and digital commerce, and ensuring regulatory clarity for centralized entities.

ChainCatcher news, according to official sources, Coinbase has announced the launch of Solana and Hedera futures contracts regulated by the CFTC.Eligible U.S. investors can now trade the above contracts on Coinbase Derivatives.

ChainCatcher news, a16z Crypto managing partner and well-known investor Chris Dixon posted on the X platform that Brian Quintenz has been with a16z Crypto for over three years, initially serving as a senior advisor and later as head of policy. His expertise is invaluable to the cryptocurrency industry, and he will be an excellent chairman of the U.S. Commodity Futures Trading Commission (CFTC).ChainCatcher previously reported that Brian Quintenz expressed on social media that he is very honored to be nominated by Trump as the next chairman of the U.S. CFTC.

ChainCatcher news, according to Cointelegraph, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo stated: "The design of Bitcoin has already determined its scarcity. You can never own more than a certain amount of Bitcoin. Bitcoin is rapidly appreciating."

ChainCatcher news, CFTC's new chairman Brian Quintenz posted his first update on personal X after being nominated today. Brian stated: "I am honored to be nominated by President Trump to serve as the next chairman of the CFTC, having previously served as a commissioner in his last administration. The CFTC plays a key role in maintaining the globally admired strong hedging and price discovery markets. The agency is also prepared to ensure that the U.S. remains a leader in blockchain technology and innovation. I look forward to working with President Trump's outstanding financial regulatory team."Previously, it was reported that Trump had nominated a16z crypto policy director Brian Quintenz to serve as the permanent chairman of the CFTC.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "Insiders reveal that as digital assets become a top priority for regulators, the SEC and CFTC are currently discussing how to effectively collaborate on cryptocurrency regulation.One idea is to reinstate the charter of the CFTC-SEC Joint Advisory Committee, which was established in 2010 to provide a platform for discussing emerging regulatory issues affecting both agencies. The committee has been inactive since 2014.The CFTC acting chair last year called for reform of the advisory committee, stating that it is a strong signal of a new collaborative and cooperative regulatory approach to digital assets in the U.S."

ChainCatcher news, Brian Quintenz stated on social media that he is very honored to be nominated by Trump as the next chairman of the U.S. CFTC.He mentioned that he previously served as a commissioner of the U.S. CFTC during Trump's last administration. The CFTC plays a key role in maintaining market price discovery and ensures that the U.S. remains a world leader in blockchain technology and innovation.Brian Quintenz also expressed his eagerness to work with President Trump's outstanding financial regulatory team.

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, two insiders have revealed that Trump has selected a list of candidates for the permanent head of the CFTC, with a16z crypto policy director and former CFTC commissioner Brian Quintenz at the top of the list. The White House has not immediately responded to a request for comment.

ChainCatcher news, according to Cointelegraph, Rostin Behnam served as the chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2021 to 2025. He has stepped down from his position as a commissioner of the financial regulatory agency without having received a nomination for a potential successor from President Donald Trump.Behnam stated that February 7 will be his last day at the CFTC after nearly eight years in both commissioner and regulatory agency chairman roles. On January 7, Behnam announced that he would step down as chairman on the day of Trump's inauguration, paving the way for the CFTC to elect Caroline Pham as acting chair.Since taking office on January 20, Trump has not announced any potential candidates to replace Behnam, resulting in a split within the five-member commission between Republicans and Democrats. Reports indicate that the U.S. president is considering nominating former CFTC commissioner Brian Quintenz, but as of the time of publication, the White House has not made any official announcements. Under Pham's leadership as acting chair (having been in office for less than 30 days), the CFTC announced it would end its practice of regulation through enforcement and realign its priorities.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, the Commodity Futures Trading Commission (CFTC) is planning to hold a CEO forum to discuss the CFTC's digital asset market pilot program for tokenized non-cash collateral, such as stablecoins.Participants include leaders from Circle, Coinbase, Crypto.com, and Ripple. The concept of the crypto pilot program and expanding non-cash collateral through distributed ledger technology was proposed by current CFTC acting chair Caroline Pham.