5 Best Cryptos to Buy Now as CFTC Fast-Tracks Spot Crypto Trading on US Exchanges

On Monday, the US Commodity Futures Trading Commission (CFTC), the federal regulator of the derivatives markets, announced the “Crypto Sprint” initiative to implement the 18 crypto policy recommendations made by President Donald Trump’s Working Group on Digital Asset Markets.

The Working Group issued its recommendations for the crypto market in a comprehensive report last week, advising the Commission to provide more clarity on how cryptocurrencies may be considered commodities, how its registration requirements would work with decentralized finance (DeFi) market participants, and provide guidance to CFTC-regulated entities on what they can do with crypto assets.

CFTC has also been asked by the White House to amend its rules to accommodate blockchain-based derivatives and work with other federal agencies, including the Securities and Exchange Commission (SEC) and the Treasury, to develop regulations based on their existing frameworks.

Caroline Pham, the Acting Chair of the CFTC, announced that the agency is “full speed ahead” on enabling immediate trading of digital assets in coordination with the SEC’s “Project Crypto”. As part of the initiative, the agency is seeking public feedback to enable the trading of spot crypto asset contracts on federally regulated futures exchanges.

The product would resemble a futures-style, listed contract that mirrors the spot price of crypto assets and will be traded on a CFTC-registered designated contract market (DCM). Pham pointed out that the current rules under the Commodity Exchange Act provide the Commission with legal authority to proceed.

The CFTC, which has authority over retail FX and futures exchanges, is seeking feedback on potential implications under securities laws, such as how an SEC framework might apply to trading non-security assets that may constitute an investment contract. The public comment submission period will close on August 18.

Pham expects the agency to be able to regulate US spot crypto markets within the next 12-18 months. Under the existing Commodity Exchange Act framework, retail trading of commodities with leverage, margin, or financing must be conducted on a DCM.

Best Crypto to Buy Now as the CFTC Explores Spot Crypto Trading on US Futures Exchanges

Crypto investors and industry players have welcomed the Trump administration’s policy recommendations and moves made by federal agencies like the CFTC and the SEC to develop a regulatory sandbox to differentiate between crypto assets that are considered commodities and securities, and oversee them accordingly.

As both Commissions continue to explore the regulatory landscape for the crypto market, we have listed the five best cryptocurrencies you can buy now that have the most future potential before the $12 trillion US derivatives market catches on.

Our picks are: Ether (ETH), XRP, Solana (SOL), Cardano (ADA), and Binance Coin (BNB). According to reports, the US government has significant holdings in these assets, and President Trump’s March 2025 executive order has directed the Commerce and Treasury departments to establish a National Digital Asset Stockpile consisting of cryptocurrencies that have been forfeited to the government through criminal or civil proceedings.

1. Ethereum (ETH)

Source: TradingView

Ether (ETH), the second-largest cryptocurrency by market capitalization, saw its price rise 3.02% over the last 24 hours, outpacing the decline in Bitcoin’s dominance, which is down 0.6% to 60.75%. This also aligns with the broader altcoin momentum that was driven by a 13% weekly uptick in the Altcoin Season Index, which currently stands at 43%.

The main catalyst for ETH has been institutional accumulation. Bitcoin mining and hosting company BitMine reported that it acquired 208,137 ETH, worth $757.5 million, in the last 35 days to become the largest corporate treasury holder of the asset. The firm, backed by ARK Invest and Pantera Capital, plans to stake its Ether, reducing the liquid supply. According to estimates, corporate reserves now hold 1% of ETH’s circulating supply, thereby creating structural scarcity. 

BitMine’s stake could lock 0.17% of the supply, compounding yield-driven demand. Currently, 28.3% of the 120.7 million ETH supply has been delegated to process transactions and secure the Ethereum blockchain.

The drop in Bitcoin’s market dominance has resulted in capital rotation into altcoins, with Ether leading the charge among large-cap alts. ETH’s dominance has risen to 12%, nearing its 2024 high of 14.67%. As the Bitcoin rally stalled, traders are starting to move their capital into Ether, as implied by the rising Altcoin Season Index.

ETH’s RSI (Relative Strength Index) at 61.85 suggests there is more room to move upside before hitting overbought levels above 70. A key risk factor for its price is the 30-day correlation with BTC, which remains high at 0.89, leaving the asset exposed to the flagship cryptocurrency’s volatility.

If Ethereum’s price can break its 200-day EMA (Exponential Moving Average) at $3,616, then it could make a move to $3,940. Prominent analysts forecast ETH to surpass its all-time high of $4,900 by the end of the year and potentially target $10,000 in the first half of 2026, backed by spot Ether ETF inflows and corporate treasury adoption.

At the time of writing, Ether (ETH) is trading at $3,667.64, up 3.61% in the last 24 hours.

2. Ripple (XRP)

Source: TradingView

XRP has risen by 1.95% over the past 24 hours, outperforming the broader cryptocurrency market, which increased by 0.83% during the same period. Key drivers include bullish regulatory developments in the US, technical rebound signals, and strategic infrastructure upgrades.

The SEC has until August 15 to decide whether to further its appeal in the lawsuit against XRP coin’s issuer, Ripple. However, the agency’s view towards crypto has shifted drastically under the Trump administration, with new chairman Paul Atkins announcing “Project Crypto”, an initiative to develop pro-crypto policies based on the recommendations of the President’s Working Group on Digital Assets.

Markets are interpreting the SEC’s pivot as reduced litigation risk for XRP, and it aligns with Ripple’s potential victory in the 4.5-year lawsuit. Following the company’s 2023 court win, XRP rallied 480%, suggesting that regulatory clarity remains the biggest catalyst for its price.

Meanwhile, Ripple’s CTO, David Schwartz, deployed a high-performance ledger node on the XRPL blockchain with a throughput of 10 GB/second. This validates XRPL’s enterprise readiness, and combined with the upcoming EVM sidechain launch, strengthens the cross-border utility narrative surrounding XRP.

XRP has reclaimed its $3.03 pivot point and the 30-day SMA at $2.95. The 38.2% Fibonacci retracement level at $3.10 now acts as its support. Traders view the $3 zone as a bullish consolidation area for the coin; however, the MADC histogram at -0.065 and RSI at 54 show neutral market momentum. The price needs to break above the 23.6% Fibonacci at $3.31 to confirm a rally. A close above this zone could trigger moves toward $3.60, while a drop below $2.93 risks a deeper correction.

At the time of writing, XRP is trading at $3.05, up 2.87% in the last 24 hours.

3. Binance Coin (BNB)

Source: TradingView

The price of Binance Smart Chain’s BNB coin is up 1.30% in the last 24 hours, riding on the corporate adoption wave and technical momentum as speculation surrounding the altcoin season grows.

Nasdaq-listed Windtree Therapeutics has announced plans to allocate $700 million to purchase BNB as part of plans to diversify its treasury. The firm now joins Nano Labs, Liminatus Pharma, and CEA Industries on the list of BNB treasury companies. This is a bullish prospect for its price because corporate treasury strategies create structural buying pressure and enhance its institutional legitimacy.

Binance has launched a web-based wallet that allows pre-approved trades for 7 days, and opened Bitcoin options writing to all qualified users with a 20% fee discount. This is particularly beneficial to high-frequency traders and institutions that use BNB for fee payments, further enhancing its use on the world’s largest cryptocurrency exchange by trading volume. The options expansion also aligns with growing derivatives activity for BNB, where open interest (OI) in the coin recently hit $1.7 billion.

BNB broke through its resistance level at $759 due to its high liquidity and minimal slippage. On-chain data shows coordinated buying at the $745 support zone, mainly by institutions and whales, differing from retail-driven volatility patterns. This signals a cautiously bullish pattern as institutional-style accumulation hints at longer-term positioning. However, the rally remains vulnerable to broader market sentiment, and a failure to hold on to its resistance could trigger a pullback that could see BNB head back to its $732 lower support.

At the time of writing, Binance Coin (BNB) is trading at $764.66, up 1.22% in the last 24 hours.

4. Solana (SOL)

Source: TradingView

SOL rose nearly 4% over the last 24 hours, reversing its 8.41% weekly decline. Today’s gain aligns with the broader market rebound and is driven by three key factors: strategic acquisition, regulatory tailwinds, and positive technicals.

Solana wallet service provider Phantom has acquired AI-driven trading platform Solsniper, marking its entry into crypto trading. The deal targets SOL’s $65 billion memecoin market, which recently witnessed over $500 million in daily trading volume via the token launchpad platform LetsBonk. The deal further strengthens Solana’s position as a hub for high-frequency trading and token launches, and could attract power users seeking integrated token sniping and analytics tools.

The CFTC’s “Crypto Sprint” initiative aims to regulate the crypto spot markets, potentially clarifying SOL’s status as a commodity. Clearer rules could boost institutional participation through the US spot Solana ETFs. While the SEC still views SOL as a security asset, the agency could reach a jurisdictional agreement with the CFTC by September.

SOL has reclaimed its 61.8% Fibonacci retracement level at $169.43, with its RSI at 48.48 signalling more room for upside movement. Short-term bulls have defended the $146.9 to $205.87 range’s midpoint, and the MACD histogram at -3.55 implies that bearish momentum for the coin is fading. SOL’s current resistance is the 50% Fibonacci at $176.39, and its support is the 78.6% Fibonacci at $159.52. Holding above the $169.43 support will be key for SOL to continue its bull run.

At the time of writing, Solana (SOL) is trading at $169.39, up 5.15% in the last 24 hours.

5. Cardano (ADA)

Source: TradingView

The price of ADA rose 1.4% in the past 24 hours, outperforming the broader crypto market’s 0.83% gain. The key catalysts behind its positive momentum are the $71 million treasury spending approval, technical breakout, and a proposed upgrade to the Cardano ecosystem to simplify DeFi development.

The Cardano community recently approved a treasury allocation of 96 million ADA, worth $71 million, for core upgrades like its layer-2 scaling solution, Hydra, and modular node architecture layer, Project Acropolis. This direct funding aimed at protocol improvements signals maturing governance and accelerating timelines for scalability, which has been a key bottleneck for DeFi adoption on Cardano. ADA’s price rose 3% immediately following the vote, reflecting growing investor confidence in the move.

Meanwhile, a proposed Account Enhancement Cardano Improvement Proposal (CIP) aims to enable native-asset deposits in reward accounts, reducing ADA dependency for microtransactions and governance. This could lower the cost for DApp users and attract developers who were previously deterred by Cardano’s 1-ADA-per-output rule. Analysts are calling this a “strategic fix” for DeFi user experience on the blockchain, an area where it trails industry leaders Ethereum and Solana.

ADA is testing the $0.74-$0.75 resistance zone, a critical level that capped its rallies in June and July. Its 4-hour chart shows a TD Sequential sell signal, but the RSI at 50.9 remains neutral. A sustained close above $0.75 could trigger algorithmic buying and target the 161.8% Fibonacci extension at $0.93. However, a failure here risks a pullback to the $0.68-$0.70 support zone.

At the time of writing, Cardano (ADA) is trading at $0.75, up 1.29% in the last 24 hours.

Final Thoughts

The cryptocurrencies mentioned in this article – ETH, SOL, XRP, ADA, and BNB – are among the top 10 digital assets by market capitalization, and currently support the altcoin season narrative by targeting Bitcoin’s dominance.

Furthermore, increased regulatory clarity in the United States surrounding cryptocurrency regulation, especially with the prospect of the CFTC and the SEC working together to regulate the market and integrate the asset class into the mainstream financial markets, acts as a bullish catalyst.

Another key aspect is that these cryptocurrencies are being monitored by institutional investors, with potential ETF launches expected by the year-end for XRP and ADA. Meanwhile, spot ETH ETFs managed to outperform their BTC counterparts in inflows in July, and the launch of spot SOL ETF has increased institutional demand for Solana.

President Trump previously mentioned that ETH, SOL, XRP, and ADA will be included in the upcoming US Digital Asset Stockpile. The federal government holds significant amounts of these coins, which belong to civil and criminal forfeitures. The government also maintains large amounts of BNB, which could be included in the strategic crypto reserve.

The contents of this article are solely for informational purposes and should not be construed as investment advice. Please conduct due diligence on the assets mentioned in this article and consult an expert before making any investment decision, as cryptocurrencies are highly volatile, speculative assets.