The US Commodity Futures Trading Commission (CFTC) has proposed a new federal framework targeting cryptocurrency platforms offering leveraged trading to retail investors. CFTC Chairman Michael S. Selig announced these proposals on October 5 at the Fordham Law Blockchain Regulatory Symposium in New York. The framework would introduce a new registration category called Crypto Asset Market (CAM) and divide the cryptocurrency market into three tiers, each subject to different regulatory requirements. CAM platforms would need to implement customer protections, including market surveillance, proof-of-reserves requirements, and anti-money laundering rules. The proposal also addresses self-custody rules, allowing assets sent to an external wallet within 28 days to generally qualify as actual delivery under the agency’s interpretation.
Source: Read the original article
