CFTC PROPOSES NEW FEDERAL FRAMEWORK FOR LEVERAGED RETAIL CRYPTO TRADING

Summary from the TLDR Crypto newsletter

The CFTC launched a rulemaking to create a federal pathway for leveraged and margined retail crypto trading through proposed Regulation CTX and Regulation CAM, including a new "crypto asset market" category of CFTC-registered exchanges. Unlike the failed Clarity Act, the rules would not force crypto assets onto CFTC-registered platforms, since Chairman Michael Selig said the agency lacks that authority without congressional action. The move follows the Clarity Act's September failure in the Senate, with the SEC and CFTC both pushing ahead on their own rulemaking.