- The CFTC proposed on Monday a framework to register and regulate digital asset transactions and markets, a first formal step toward federal oversight of leveraged crypto trading venues.
- The proposal targets crypto exchanges offering leverage, the segment where retail speculation and counterparty risk concentrate, rather than spot-only venues.
- The rulemaking lands at the CFTC, the US derivatives regulator, rather than the SEC, framing leveraged crypto trading as a derivatives-market question.
Quotes
“The Commodity Futures Trading Commission unveiled a proposal Monday to regulate digital asset transactions and markets.”