CFTC Chair Mike Selig revealed that the agency is developing a regulatory framework that would allow cryptocurrency exchanges to register with US regulators. The initiative marks a shift toward federal oversight of the crypto market and could affect exchanges offering retail crypto on a margined, leveraged, or financed basis. It would coexist with the existing system of state-licensed spot exchanges. Further details are expected on eligibility requirements and the proposed rules, while congressional action on crypto legislation and institutional adoption could influence market expectations.
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