US commodities regulator proposes new federal crypto oversight rules
The proposal would create a new crypto asset market category with anti-manipulation controls, proof-of-reserves rules and futures commission merchant intermediation.
- On Monday, the Commodity Futures Trading Commission proposed a federal framework for cryptocurrency exchanges offering leveraged trading, aiming to bring parts of the spot market under national oversight.
- CFTC Chair Michael Selig noted the rules provide a "comprehensive regulatory framework" after Congress failed to pass the Digital Asset Market Clarity Act last month, leaving exchanges to navigate burdensome state-by-state regimes.
- Under the new Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets , exchanges must implement anti-market manipulation controls and satisfy a "proof of reserves" obligation.
- The proposal includes an "actual delivery" exemption for transactions finalized in less than 28 days, while the agency opened a 60-day public comment period to gather industry feedback.
- Despite these efforts, the CFTC lacks authority to oversee unvarnished spot market trading without leverage, meaning the regulator remains unable to fully police buying and selling of major tokens like Ethereum.
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The U.S. Commodity Futures Trading Commission (CFTC) has proposed a new regulation that would require exchanges offering leveraged crypto trading to register, filling a legal void left by the stalled crypto legislative initiatives in Congress, Bloomberg reported.
CFTC begins drafting first rules for leveraged crypto trades
The CFTC has proposed two early-stage rules to bring crypto trading involving leverage, margin or financing under its oversight, including a new category of regulated trading platforms. The effort seeks to address regulatory uncertainty after Congress failed to advance crypto market-structure legislation, but spot trading remains largely outside the agency’s authority. · 21 sources across the spectrum on IJR News.
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WTVBUS commodities regulator proposes new federal crypto oversight rules
Oct 5 : The U.S. commodities regulator on Monday proposed a new federal framework for cryptocurrency exchanges that offer leveraged digital asset trading, in a move to bring parts of the spot crypto market under federal oversight weeks after Congress failed to advance comprehensive crypto regulation. The U.S.
CFTC Seeks Public Input on Proposed Retail Crypto Regulatory Framework
The US Commodity Futures Trading Commission has opened a consultation on rules for retail commodity transactions involving crypto assets.The agency published an Advanced Notice of Proposed Rulemaking seeking comments on a regulatory framework for these transactions. The proposal covers requirements for retail crypto transactions and the markets where they are offered.London's trading industry is coming home!The CFTC has been working towards clea…
CFTC Joins SEC in Crypto Rule Push, but Spot Trading Is Excluded
TLDR: CFTC crypto regulations would address retail crypto transactions involving leverage, margin, or financing, rather than ordinary direct cash purchases. The agency is considering a crypto asset market registration category designed for venues that list qualifying retail commodity transactions. Public comments will help shape potential rules under the Commodity Exchange Act, as Congress has not [...]
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