Big news, but the order book might be pretty cold.
Cointelegraph is saying that the CFTC is following the SEC, scrapping the "no-deny" policy in settlements.
On the A-side, the regulators are loosening a very specific constraint.
In the past, these types of settlements weren't just about fines; they also impacted narrative control.
When institutions signed a settlement, it often meant they were restricted from publicly denying regulatory charges.
Now, CFTC Chairman Mike Selig has indicated that after scrapping this policy, the CFTC will have more flexibility when reaching settlements.
On the B-side, this doesn't mean they're giving up on enforcement.
It's more like transforming "admission of guilt settlements" into "easier settlements."
What really matters for the crypto market is that the CFTC oversees derivatives and commodities, while the SEC manages securities.
With both sides easing the no-deny stance → exchanges, market makers, and derivatives platforms will have more negotiation space when facing enforcement → the likelihood of cases shifting from long, hard battles to quicker settlements increases.
The market is not focused on how
$BTC or
$ETH moves today, but rather whether the risk pricing for the U.S. compliance landscape will change.
If trading platforms can settle without fully adopting a "public admission of guilt narrative," then assets from compliant exchanges like $COIN , as well as U.S. crypto derivatives business, could have a reason to be revalued in terms of regulatory discounts.
The next specific question is whether the CFTC will quickly take a crypto derivatives case to demonstrate the new settlement approach?
#CFTC #crypto-regulation
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