Crypto Chaos: Leveraged Trading Coming to the US? 😱💸

Oh, darling, grab your crypto wallets and buckle up! 🌪️ Acting Chair of the US Commodity Futures Trading Commission (CFTC), the fabulous Caroline Pham, is spilling the tea-leveraged spot crypto trading might be hitting the US faster than you can say “HODL”! 🚀

In a Sunday X post (because who doesn’t love a weekend bombshell? 🍿), Pham confirmed she’s pushing to greenlight leveraged crypto trading in the US. Yes, you heard that right-next month, people! 📆 And she’s been cozying up to regulated US crypto exchanges to make it happen. 💼✨

But wait, there’s more! Pham’s been schmoozing with industry bigwigs even during the government shutdown. 🏛️🔒 Because, let’s face it, crypto never sleeps, not even when the government’s taking a nap. 😴💤 The CFTC is also pondering some guidance for these leveraged products-because who doesn’t love a good rulebook? 📖

This drama comes hot on the heels of the CFTC’s August initiative to let exchanges trade “spot crypto asset contracts.” 🏦 Pham even asked for comments on rules for “retail trading of commodities with leverage, margin, or financing.” Fancy, right? 💅 But here’s the kicker: thanks to the Commodity Exchange Act, leveraged crypto spots can only last 28 days or they’re as illegal as wearing socks with sandals. 🧦👡

Crypto Keeps Calm and Carries On, Shutdown Be Damned 🚀

For those not in the loop, a US government shutdown is basically when Congress forgets to pay the bills. 💸🙄 Non-essential services hit pause, workers get furloughed, and chaos ensues. The current shutdown started on Oct. 1, but rumor has it the Senate’s finally getting its act together. 🎉

Crypto and shutdown drama

Meanwhile, the SEC was like, “We’re out,” except for emergencies. 🚨 But US senators? Oh, they’re still hustling, pushing a crypto market structure bill forward like it’s the last train to DeFi-ville. 🚂💨 Meetings are still happening, shutdown or not-because crypto waits for no one! ⏳

So, will leveraged crypto trading finally get its US debut? Only time (and Caroline Pham) will tell. Stay tuned, darlings-this is one crypto rollercoaster you won’t want to miss! 🎢💎

Read More

2025-11-10 13:58