CFTC Chair: Only Federally Regulated Crypto Exchanges May Offer Leverage
- —Leveraged crypto trading would be limited to federally regulated exchanges
- —States would only oversee money transmission business
- —Offshore-style 100x leverage will not be allowed in the US
Why it matters: The rule would cement federal oversight of crypto derivatives and curb high-leverage access, reshaping competition among exchanges.
Source: PANews