[US CFTC's Latest Advance Notice of Proposed Rulemaking Aims to Establish a Crypto Spot Market Framework Using Existing Authority] According to crypto journalist Eleanor Terrett, the U.S. Commodity Futures Trading Commission (CFTC) has released its latest Advance Notice of Proposed Rulemaking (ANPRM), seeking to leverage its existing authority to establish a market structure framework for spot trading in the crypto space. This framework will be built upon the existing DCM, DCO, and FCM registration structures and will create a new category called 'Crypto Asset Markets.' A notable difference from the Clarity Act is that the CFTC proposal is exploring a voluntary federal exchange registration pathway: spot exchanges that do not offer leverage can opt out of this framework and continue to operate under state money transmitter licenses.