Grab EXTRA 10% OFF all Tangem products. Till Oct 25CFTC unveils first formal crypto market rules
7.4 Regulation The CFTC has proposed its first formal crypto rules, introducing Regulation CTX and CAM to regulate leveraged trading and exchanges, aiming for clearer oversight and investor protection. Spot trading remains unaddressed.
The Commodity Futures Trading Commission (CFTC) has introduced its first formal rules for the cryptocurrency market, unveiling Regulation CTX and Regulation CAM. These proposals aim to establish a federal framework for leveraged and margined retail crypto trading, while providing clearer oversight for exchanges dealing in Bitcoin and Ether. The initiative marks a shift from an enforcement-only approach, offering an alternative to state-licensed exchanges. It seeks to enhance investor protection and foster innovation. The new rules would create a registration category for exchanges, called crypto asset markets (CAMs), and set operational requirements. However, the proposals do not require all crypto assets to be traded on CFTC-registered platforms unless mandated by Congress. They also exclude simple spot trading, leaving a gap in spot market regulation. The proposals are in early federal review and open for public comment, signaling a move toward regulatory clarity and greater market stability.
