Just saw a piece of news, and to be honest, it’s a bit surprising—a complete 180-degree shift in the US regulatory stance.

The acting chair of the US Commodity Futures Trading Commission (CFTC), Caroline Pham, personally made a statement, calling the inclusion of spot crypto trading into the formal regulatory system a “historic breakthrough.” It sounds pretty official, but in plain English, it means that trading spot Bitcoin, Ethereum, and other major coins in the US will no longer be a gray area.

How does this work exactly? Simply put, those federally regulated, decades—or even centuries—old traditional exchanges can now legally offer spot crypto trading. Bitnomial in Chicago has already announced that they’ll be launching next week—pretty fast action.

This adjustment actually hits a few key points:

First, designated contract markets (DCMs) under CFTC supervision have obtained legal licenses for spot crypto trading. This means the basic issues of platform compliance and fund security now have stronger guarantees.

Second, investor protection mechanisms will directly adopt the same standards as traditional finance. For regular traders, this is essentially an extra institutional safety net.

Third, the policy direction is clear—channel overseas traffic and capital into the US. The logic behind this is to compete for pricing power and discourse authority in the crypto market.

Who stands to benefit? Retail investors will have a more transparent trading environment, and established institutions like CME and Cboe are actively developing new product lines. More importantly, once this pathway opens up, the threshold for stablecoins and tokenized assets to enter the traditional financial system will be significantly lowered.

Ultimately, this isn’t just a piece of news—it’s a clear signal from regulators: the gateway for institutional capital is being gradually widened. Even the conservatives are paving the way, and the stories to come could get even more interesting.