📈 The CFTC: Creating New Market Structures
White House Rulemaking: The CFTC swiftly submitted a confidential regulatory package titled Regulation of Crypto Asset Transactions and Crypto Asset Markets to the White House for executive review.Crypto Asset Markets: Chair Michael Selig is working to create an entirely new registration category that allows both registered and unregistered crypto exchanges to operate as designated contract markets for leveraged and margined trading under purpose-fit rules.Developer Safeguards: The agency published a major no-action letter protecting passive software developers and wallet providers. This allows interfaces to connect users to regulated derivatives markets without registering as introducing brokers.
White House Rulemaking: The CFTC swiftly submitted a confidential regulatory package titled Regulation of Crypto Asset Transactions and Crypto Asset Markets to the White House for executive review.Crypto Asset Markets: Chair Michael Selig is working to create an entirely new registration category that allows both registered and unregistered crypto exchanges to operate as designated contract markets for leveraged and margined trading under purpose-fit rules.Developer Safeguards: The agency published a major no-action letter protecting passive software developers and wallet providers. This allows interfaces to connect users to regulated derivatives markets without registering as introducing brokers.