CFTC Chair Says New Crypto Rulemaking Will Prevent Another FTX-Style Collapse
- —CFTC proposed a new "crypto asset market" registration category for leveraged crypto exchanges
- —Selig said FTX's CFTC-registered subsidiary kept customer funds safe through segregation
- —Exchanges not offering leverage could remain under state licenses
- —Congress previously blocked the long-awaited CLARITY Act
Why it matters: Federal registration of exchanges could tighten oversight of crypto spot markets and reduce risks for retail investors.
Source: Bitcoin Magazine