CFTC Opens Crypto Rulemaking on Leveraged Trades, Excludes Spot Trading
- —CFTC issued an ANPRM on October 5 targeting leveraged and margined crypto transactions
- —Plain cash spot purchases are excluded from the proposal
- —A dedicated crypto asset market registration category is under consideration
- —Public comments are due 60 days after Federal Register publication
Why it matters: Formal US rules for leveraged crypto trading could raise compliance costs for venues, while the spot market remains without blanket federal oversight.
Source: Blockonomi
More on this
Regulation · Sep 21CFTC Sends Crypto Market Structure Rulemaking to White House Two Days After Clarity Act Failure
Regulation · Sep 30CFTC moves to classify prediction market contracts as swaps, exclude gambling
Regulation · Sep 30CFTC Proposes Rule to Exclude Casino-Style Games From 'Swaps' Definition