CFTC Opens Consultation on National Rules for Retail Crypto Trading
- —CFTC opened consultation on a federal framework for retail crypto trades with leverage and margin
- —Selig said mandating federal registration for all crypto exchanges would require congressional action
- —SEC proposed allowing self-custody and state trust companies as qualified custodians
- —Written comments are due within 60 days of publication in the Federal Register
Why it matters: Federal rules could give retail traders tailored protections and legitimize crypto trading in the U.S., reducing the risk of onchain markets moving offshore.
Source: Cryptonews.net