The Commodity Futures Trading Commission (CFTC) is actively inviting leading executives from the cryptocurrency sector to participate in a newly established “CEO Innovation Council.” This initiative, announced by Acting Chair Caroline D. Pham on November 25, 2025, is part of a strategic move to reinforce the CFTC”s influence as a central regulatory body in the evolving landscape of digital assets in the United States.
During her announcement, Pham indicated her openness to receiving nominations for the council, with a submission deadline set for December 8. The CFTC has recently signaled its readiness to take on expanded responsibilities in the oversight of cryptocurrency, a shift prompted by legislative developments in both the House and the Senate that would enhance the agency”s authority over digital assets. However, the timeline for these legislative changes remains uncertain, with previous deadlines having been overlooked.
As stakeholders anticipate the enactment of new regulatory frameworks, reliable sources have reported that the CFTC is launching a “Crypto Sprint” aimed at clarifying existing regulations governing cryptocurrency. Additionally, the agency is preparing to introduce spot trading products, potentially featuring options that allow for leverage.
In her statement, Pham emphasized the necessity for public engagement and the inclusion of experienced industry leaders to effectively shape the future regulatory landscape. “That is why today I am calling upon CEOs to join us in shaping responsible regulations that will lay the foundation for America”s Golden Age of Innovation,” she stated.
The CFTC”s proactive stance comes at a time when it is the sole operating commissioner, with Pham set to resign once a new chair is appointed. The Senate is currently in the process of confirming President Donald Trump”s nominee, Michael Selig, to lead the agency, and a full Senate vote is awaited.
Amidst these regulatory advancements, Pham has confirmed that discussions are ongoing with regulated exchanges to initiate spot crypto trading, which may include leveraged options as early as next month. This follows her earlier affirmation on social media regarding the agency”s commitment to advancing leveraged spot crypto trading initiatives. This development occurs despite a federal government shutdown that has hampered other crypto policy efforts.
Reports indicate that Pham has engaged in conversations with designated contract markets (DCMs) and various financial entities, including CME, Cboe Futures Exchange, ICE Futures, as well as crypto-specific firms such as Coinbase Derivatives and prediction markets like Kalshi and Polymarket US. The CFTC is contemplating a range of spot crypto trading products that incorporate margin, leverage, and financing options.
As the CFTC collaborates with Congress to establish clear regulations for these markets, Pham reiterated the agency”s intention to swiftly implement recommendations from the President”s Working Group on Digital Asset Markets report.
