CFTC pushes a federal road‑map for leveraged crypto trading.
On October 5, CFTC Chairman Michael S. Selig announced proposals at the Fordham Law Blockchain Regulatory Symposium, seeking public input on Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM).
The plan creates a federal registration option for crypto exchanges offering retail margin, leveraged or financed crypto trading, while allowing platforms to remain under state licenses if appropriate.
Exchanges could register as a new “crypto asset market” (CAM) and would face customer‑protection rules such as market surveillance, financial safeguards, proof‑of‑reserves for omnibus accounts, and AML/KYC requirements for futures commission merchants; assets moved to an external wallet within 28 days would meet the CFTC’s “actual delivery” standard.
What safeguards should be mandatory for U.S. leveraged crypto platforms to protect retail traders?
#CFTC #CryptoRegulation #LeveragedTrading #FinTech
On October 5, CFTC Chairman Michael S. Selig announced proposals at the Fordham Law Blockchain Regulatory Symposium, seeking public input on Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM).
The plan creates a federal registration option for crypto exchanges offering retail margin, leveraged or financed crypto trading, while allowing platforms to remain under state licenses if appropriate.
Exchanges could register as a new “crypto asset market” (CAM) and would face customer‑protection rules such as market surveillance, financial safeguards, proof‑of‑reserves for omnibus accounts, and AML/KYC requirements for futures commission merchants; assets moved to an external wallet within 28 days would meet the CFTC’s “actual delivery” standard.
What safeguards should be mandatory for U.S. leveraged crypto platforms to protect retail traders?
#CFTC #CryptoRegulation #LeveragedTrading #FinTech
