**[CFTC Proposes Federal Regulatory Framework for Retail Crypto Leveraged Trading, Plans to Establish New "Crypto Asset Market" Category]** Odaily Planet Daily News – On Monday, the U.S. Commodity Futures Trading Commission (CFTC) initiated a rulemaking process aimed at establishing a unified federal regulatory framework for leveraged and margin spot trading of crypto assets targeted at retail customers. The CFTC is considering two sets of rules, Regulation CTX and Regulation CAM, to create a new registration category called "Crypto Asset Market." Eligible crypto trading platforms could offer leveraged and margin spot trading to retail users under CFTC regulation, adhering to unified federal regulatory standards. This framework would provide an alternative compliance pathway for crypto exchanges currently operating under state licenses. However, the CFTC clarified that without Congressional authorization, the agency cannot mandate that all crypto asset trading be conducted on CFTC-registered platforms. CFTC Chairman Michael Selig stated that this move is an important step toward ensuring the U.S. remains the "global crypto capital," emphasizing that American investors need clearer rules, regulatory certainty, and consumer protection. Overall, the CFTC is attempting to leverage its existing authority to establish a federal framework for retail crypto leveraged trading rather than waiting for Congress to pass comprehensive market structure legislation. If implemented, U.S. crypto exchanges could, for the first time, gain a nationwide regulatory pathway for retail leveraged spot trading. However, the CFTC's ability to enforce jurisdiction over the entire crypto spot market still hinges on Congressional legislation.