Trump administration proposes new crypto rules
The proposal would create a new federal registration path for exchanges offering leveraged crypto trades and seek comments on anti-manipulation and reserve rules.
- 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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49 Articles
Trump administration proposes new crypto rules
Presented by PolitiSizeIT {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story Trump admin proposes new crypto rules The Commodity Futures Trading Commission (CFTC) unveiled new proposals Monday for regulating cryptocurrency markets, after an effort to pass digital asset legislation through Congress came up short last month. © Greg Nash The Commodity…
On Monday, the US commodity regulator proposed a new federal framework for cryptocurrency brokers that offer leveraged trading of digital assets, seeking to subject parts of the market to the view of cryptocurrencies to federal supervision weeks after Congress fails to move forward with broad regulation for the sector through the Clarity Act. The rules proposed by the US Commodity Futures Negotiating Commission (CFTC) would allow US crypto broke…
CFTC seeks public input on crypto trading rules under CTX and CAM
The U.S. Commodity Futures Trading Commission has opened a consultation on two crypto regulatory frameworks, Regulation CTX and Regulation CAM, with written comments due within 60 days of publication in the Federal Register. The CFTC announced on Oct. 5 that…
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