Trump administration proposes new crypto rules
The proposal would let exchanges opt into a federal regime and add proof-of-reserves and anti-manipulation rules for retail crypto trading.
- 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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CFTC Seeks Public Comment on Expansive Round of Crypto Market Regulations
The Commodity Futures Trading Commission (CFTC) is proposing new crypto market regulations after the Clarity Act detonated in the Senate. The regulator’s proposed rules would establish requirements for CFTC-registered crypto exchanges, though CFTC Chairman Michael Selig notes in a new Wall Street Journal Op-Ed that these regulations wouldn’t have the same impact as the Clarity […]
New rules coming soon for crypto markets? What Commodity Futures Trading Commission proposed in US
Under the proposal, US crypto exchanges would be able to opt into a federal regulatory regime rather than primarily operating under a fragmented system of state-level money-transmitter licences, the regulator said.
CFTC Moves to Establish Comprehensive Crypto Regulatory Framework, Seeks Public Comments
Get latest articles and stories on Business at LatestLY. The US Commodity Futures Trading Commission (CFTC) has begun the process of establishing a comprehensive regulatory framework for crypto asset transactions, seeking public comments on rules covering retail commodity transactions involving crypto assets. Business News | CFTC Moves to Establish Comprehensive Crypto Regulatory Framework, Seeks Public Comments.
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…
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