The CFTC, led by Chairman Michael Selig, is proposing new rules requiring crypto exchanges offering leveraged products to register with federal authorities. The proposed regulations, including Regulation CTX and Regulation CAM, aim to limit excessive leverage, such as 100x products, particularly prevalent on offshore platforms. These measures would impose rigorous surveillance protocols and anti-manipulation measures on the platforms involved. This announcement suggests a significant tightening of conditions for leveraged crypto activities in the United States, with potential consequences for market dynamics.
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