CFTC proposes new federal framework for leveraged retail crypto trading

Key Summary

The US Commodity Futures Trading Commission (CFTC) has proposed a new federal framework for leveraged retail crypto trading, titled Regulation CTX and CAM. The framework includes a new "crypto asset market" exchange, which will oversee the trading of leveraged and margined retail cryptocurrencies. The proposed regulation aims to provide clarity and oversight for the growing retail crypto market, with the CFTC seeking public comment on the framework until December 2024. The new framework is expected to standardize and regulate the trading of leveraged and margined retail cryptocurrencies, potentially impacting major players in the market.