US Commodity Futures Trading Commission: Proposes to Establish a Federal Regulatory Framework for Leveraged Trading of Retail Cryptocurrency Assets

The US Commodity Futures Trading Commission (CFTC) has initiated a rule making process, planning to establish a registration category for Crypto Asset Market through Regulation CTX and Regulation CAM, to establish a unified federal regulatory framework for retail cryptocurrency leverage and margin spot trading. CFTC Chairman Michael Selig stated that this move is an important step towards making the United States the global crypto capital, and that American investors need clearer rules, regulatory certainty, and consumer protection. The CFTC explicitly states that it is not possible to mandate the transfer of all cryptocurrency trading to CFTC registered platforms without congressional authorization. (Source: US Commodity Futures Trading Commission)