Coinbase backs CFTC crypto clarity, urges spot-market-specific rules
- —Coinbase backed regulatory clarity via the CFTC's existing authority
- —The company cited structural differences between spot and futures markets
- —Applying futures rules to spot could curb or block market activity
- —It flagged real-time settlement and combined trading, payments and custody
Why it matters: The stance of the largest US exchange could shape how the CFTC regulates the crypto spot market.
Source: TokenPost