CFTC joins SEC in proposing crypto framework after failed CLARITY vote
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
Following the failure of Congress to advance a market structure bill, US Commodity Futures Trading Commission (CFTC) Chair Michael Selig announced plans to use existing statutory authorities to regulate crypto. Speaking at the Fordham Law Blockchain Regulatory Symposium, Selig proposed options for crypto companies to operate under uniform national oversight rather than state-level regulations. The proposals include an advanced notice of proposed rulemaking called 'CTX' for margined, leveraged, or financed retail trading, and a new category of designated contract market called a 'crypto asset market' or CAM.
Continue in the app — vote & join in ➔Source: Cointelegraph · via ahirlevel.hu