The US CFTC plans to require retail leveraged cryptocurrency trading through FCM intermediaries, clarifying that BTC and other digital commodities

The Chairman of the Commodity Futures Trading Commission (CFTC), Michael Selig, has issued a notice of pre proposed rules for CTX and CAM. The proposed plan requires that margin, leverage, or financing encrypted transactions provided to retail clients must be mediated by futures brokers (FCM), who must meet client asset segregation and capital requirements, and comply with anti money laundering obligations; Regulation CAM intends to impose reserve certification requirements on exchanges that hold customer assets in a consolidated account. The CFTC intends to clarify that delivering encrypted assets to users' external non custodial wallets within 28 days typically meets CTX's "actual delivery" exception. The CFTC is studying long-term regulatory policies for specific developers and listing BTC, ETH, SOL, XLM, XTZ, and XRP as examples of "digital commodities".