Regulation· ★★★★· neutral·

CFTC Chair Selig says FTX collapse proves crypto needs clear rules

  • —Selig: FTX operators stole more than $8 billion in customer assets
  • —CFTC issued ANPRM on Regulation CTX and CAM the same day
  • —Rules would cover leveraged and margined retail crypto trading
  • —Proposals include proof-of-reserves and a 28-day non-custodial wallet exemption
Why it matters: The CFTC framework could establish the first federal registration regime for crypto markets in the US and reduce the risk of another FTX-style collapse.
Source: Crypto Briefing
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