PANews, citing a CNBC report, said that CFTC Chair Michael Selig stated that crypto exchanges have expressed interest in the digital asset regulatory framework proposed by the CFTC in October.
The framework is opt-in. Selig said that exchanges already registered with the CFTC can offer crypto asset trading involving margin, leverage, or financing under the framework; some new entrants hope to avoid applying for licenses state by state through federal registration. He also said that, as the prospects for legislation dim, regulators will advance crypto oversight through rulemaking.
· Participation is voluntary, so not all exchanges will necessarily be included.
· The number of applicants, their names, and when the rules will take effect have not been disclosed.
Are you more interested in the list of the first participants, or the leverage limits under the framework?
The framework is opt-in. Selig said that exchanges already registered with the CFTC can offer crypto asset trading involving margin, leverage, or financing under the framework; some new entrants hope to avoid applying for licenses state by state through federal registration. He also said that, as the prospects for legislation dim, regulators will advance crypto oversight through rulemaking.
· Participation is voluntary, so not all exchanges will necessarily be included.
· The number of applicants, their names, and when the rules will take effect have not been disclosed.
Are you more interested in the list of the first participants, or the leverage limits under the framework?
