CFTC Opens Rulemaking on Leveraged Retail Crypto Trading
- —CFTC starts rulemaking under Section 2(c)(2)(D) of the Commodity Exchange Act for leveraged retail crypto trades
- —Comments on the CTX rules due 60 days after Federal Register publication
- —CFTC proposes defining qualifying event contracts as swaps, with a 30-day comment period
- —ESMA gives firms three months to remediate exposure to noncompliant stablecoins
Why it matters: The moves set a federal path for leveraged crypto trading in the US and a hard deadline for EU firms to exit noncompliant stablecoins.
Source: Bitcoin.com