Announcement
CFTC seeks comment on framework for leveraged retail crypto trading
Reuters reports exchanges could opt into federal oversight for leveraged trades, while broader oversight of ordinary spot trading would require Congress.
TLDR
On October 5, the CFTC said it was seeking comment on rules for certain retail crypto transactions and a new “crypto asset market” exchange category. Reuters reports the framework would let exchanges opt into federal oversight for leveraged trading, but broader oversight of ordinary spot trading would require Congress. The CFTC says written comments are due within 60 days of the notice’s publication in the Federal Register.
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