The US CFTC plans to use its existing authority to establish a federal regulatory framework for cryptocurrencies after the CLARITY Act failed to pass in September. Chairman Michael Selig outlined two proposals: Regulation Crypto Asset Transactions (CTX) to allow US retail investors to trade spot crypto with leverage, and Regulation Crypto Asset Markets (CAM) to create a federal registration pathway for crypto exchanges. These measures aim to end regulatory fragmentation across states and strengthen customer fund protections to prevent another FTX-like collapse.
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