CFTC Opens Consultation on New US Rules for Leveraged Crypto Trading and Crypto Markets

On 5 October, the Commodity Futures Trading Commission published an Advanced Notice of Proposed Rulemaking seeking public comment on Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM). The consultation concerns a potential regulatory framework for retail crypto transactions under Section 2(c)(2)(D) of the Commodity Exchange Act, according to the CFTC. The agency is considering two connected proposed regulations rather than issuing final requirements, focused on retail crypto transactions involving leverage, margin or financing and a possible federal framework for the platforms offering them.

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