Crypto
U.S. CFTC releases first crypto market rule proposal, opens path to federal oversight of leveraged exchanges
The U.S. Commodity Futures Trading Commission has issued an advance notice of proposed rulemaking on retail crypto trading involving margin, leverage and lending, seeking public comments before drafting formal rules. The proposal outlines two frameworks, CTX and CAM, and would allow venues offering leveraged retail crypto trading to register under existing DCM rules or a new crypto-focused CAM category. It also addresses delivery exceptions, reserves, and customer asset protections.