CFTC Speed-Runs Perps Regulation With Two New Frameworks
- —Regulation CAM creates a new CFTC exchange class listing crypto assets rather than contracts
- —All customer orders would flow through FCMs with segregated accounts and AML obligations
- —Leverage could only come from FCMs or FCM-sponsored banks
- —No leverage caps are set; the CFTC asks whether to limit margin and rehypothecation
Why it matters: The rules would give U.S. traders regulated access to perpetual futures, though their durability hinges on the outcome of upcoming elections.
Source: SolanaFloor