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[BUSINESS] · United States · 19 sources

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Part of situation: SEC cryptocurrency regulatory framework updates (2 clusters)

CFTC proposes federal regulatory framework for crypto markets

CFTC cryptocurrency regulation leveraged trading Regulation CAM Regulation CTX

The U.S. Commodity Futures Trading Commission (CFTC) has initiated a process to establish a federal regulatory framework for cryptocurrency markets, following the failure of the CLARITY Act in Congress. The agency published an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public feedback on two primary frameworks: Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM).

The proposed rules specifically target retail crypto transactions involving leverage, margin, or financing. Under the proposal, Regulation CAM would create a new registration category for exchanges to operate as federally regulated 'crypto asset markets.' This would offer a voluntary federal alternative to state-level money transmitter licenses. Notably, the CFTC suggests that merely offering leverage could bring even fully paid trades under federal oversight unless customers maintain actual delivery via private keys.

CFTC Chairman Michael Selig stated the initiative aims to provide market clarity and consumer protection while ensuring the U.S. remains a global leader in digital assets. The framework includes considerations for proof-of-reserves requirements and measures to prevent market manipulation. While the CFTC seeks to regulate leveraged markets, pure spot exchanges may continue to operate under state-level oversight, though the CFTC maintains anti-fraud and anti-manipulation authority over those transactions.

The proposal has faced criticism from the nonprofit Better Markets, which argues that the CFTC is the wrong regulator for retail crypto, suggesting that oversight by the Securities and Exchange Commission (SEC) would provide stronger investor protections.

Entities

Better Markets · Commodity Futures Trading Commission · FTX · Michael Selig · Paul Atkins · Securities and Exchange Commission · United States

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

CFTC Crypto Market Rule: Leverage Triggers Federal Oversight [bitnewsbot.com]
CFTC Moves Before the CLARITY Act: 4 Crypto Coins Worth Trying Before the Regulatory Breakout [cryptonewsland.com]
CFTC moves to establish comprehensive crypto regulatory framework, seeks public comments [desitalkchicago.com]
CFTC seeks input on leveraged crypto trading rules [www.europesays.com]
CFTC Proposes New Crypto Oversight Rules For US Exchanges [nosmokesport.com]
SON DAKİKA: CFTC, Yeni Kripto Para Kurallarını Açıkladı! [www.bitcoinsistemi.com]
CFTC Seeks Public Comment On Proposed Crypto Rulemaking [blockzeit.com]
Better Markets Challenges CFTC as Wrong Regulator for Retail Crypto [www.cryptobreaking.com]
ABD’den Kripto İşlemlerine Yeni Plan: Cüzdanlarda 28 Gün Ayrıntısı Ne Anlama Geliyor? - Koin Bülteni [koinbulteni.com]
MFA supports CFTC proposal to end duplicative registration for private fund managers - MFA [www.mfaalts.org]
ABD'de kripto borsalarına federal denetim önerisi [www.borsaningundemi.com]
CFTC Chair: Only Regulated Crypto Platforms Should Offer Leverage [www.coincu.com]
CFTC Sets Out New Federal Framework for Crypto Exchanges [www.crypto-news-flash.com]
Better Markets says the CFTC is the wrong cop for retail crypto [cryptobriefing.com]
CFTC Seeks Comments on Spot Crypto Trading Rules [defirate.com]
US Regulators Push National Crypto Rules as America Chases Global Lead [news.bitcoin.com]
Kripto borsaları için yeni düzenleme [www.sondakika.com]
CFTC Seeks Comment on First Crypto Rules for Leveraged Trading, Leaving Spot Markets Out - Unchained [unchainedcrypto.com]
CFTC Proposes New Crypto Oversight Rules [bitcoinmagazine.com]