🟢 2. Very Important News: CFTC Begins Building a New U.S. Crypto System
The U.S. Commodity Futures Trading Commission (CFTC) has officially begun work on establishing a new regulatory framework for crypto markets, particularly trading involving margin, leverage, and financing. �
The proposal includes creating a new category of platforms called Crypto Asset Markets. Platforms that join this system could operate under unified federal oversight instead of relying on a patchwork of state licenses.
The proposals also include requirements such as:
Combating market manipulation.
Proof of reserves.
Having a registered intermediary execute customer transactions.
Federal oversight of leveraged and margin trading platforms.
But there is an important point: the CFTC cannot, on its own, require all spot crypto trading to take place through CFTC platforms; this requires legislation from Congre
The U.S. Commodity Futures Trading Commission (CFTC) has officially begun work on establishing a new regulatory framework for crypto markets, particularly trading involving margin, leverage, and financing. �
The proposal includes creating a new category of platforms called Crypto Asset Markets. Platforms that join this system could operate under unified federal oversight instead of relying on a patchwork of state licenses.
The proposals also include requirements such as:
Combating market manipulation.
Proof of reserves.
Having a registered intermediary execute customer transactions.
Federal oversight of leveraged and margin trading platforms.
But there is an important point: the CFTC cannot, on its own, require all spot crypto trading to take place through CFTC platforms; this requires legislation from Congre