CFTC unveils crypto plan details: retail trades via FCMs, 28-day asset delivery
- —Retail crypto trades would be routed through registered FCMs
- —Assets must reach the user's wallet within 28 days
- —FCMs would face segregation, capital, AML and proof-of-reserves rules
- —Software-only developers would get a separate regulatory approach
Why it matters: The CFTC plan will shape how US retail crypto trading is regulated after the CLARITY Act stalled.
Source: Koin Bülteni