CFTC Moves to Build Federal Rulebook for Crypto Exchanges After Clarity Act Fails
What's happening
After the Senate failed to advance the CLARITY Act, the Commodity Futures Trading Commission announced moves to create a federal rulebook for crypto exchanges. On Oct. 5 the CFTC published an advance notice of proposed rulemaking outlining two interconnected regulatory frameworks for digital-asset trading, and Chair Michael Selig is proposing rules to give retail investors access to leveraged, financed, or margin crypto trading under a new federal market structure. The development comes as the CLARITY Act blockage leaves uncertainty for the industry even while crypto dealmaking reportedly jumped 44% recently.
Why it's trending
With Congress unable to pass the CLARITY Act, the CFTC is stepping in to define market structure and retail trading rules now.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If lawmakers won't finish the CLARITY Act, the CFTC shouldn't get to redraw crypto markets by fiat, and here is why that will backfire for retail traders.
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Original sources4
- CTFC Proposes Retail Crypto Trading Regulations
The Commodity Futures Trading Commission wants to give retail investors access to leveraged crypto trading under a new federal market structure, as Chair Michael Selig moves to fill the regulatory gap left by the stalled CLARITY Act. The CTFC’s proposed framework would create a crypto asset market for platforms facilitating leveraged, financed, or margin trades. […] The post CTFC Proposes Re
PaymentsJournalOct 6 - CFTC Moves to Build Federal Rulebook for Crypto Exchanges After Clarity Act Fails
The Commodity Futures Trading Commission is moving to establish a federal regulatory framework for cryptocurrency exchanges after Congress failed to enact legislation that would have set market structure rules for much of the digital asset industry. The CFTC published Monday (Oct. 5) an advance notice of proposed rulemaking outlining two interconnected regulatory frameworks that could […] Th
PYMNTSOct 6 - Where the CLARITY Act went wrong: ethics, in-fighting and Trump’s presence
The US crypto industry has been searching for regulatory clarity for the better part of four years, and even when Congress is on the cusp of delivering this, policymakers seem divided more than ever. The most recent Senate blocking of the CLARITY Act was perhaps the most damning yet, as it is likely the bill […]
Payment ExpertOct 6 - Crypto Dealmaking Jumps 44% Despite Clarity Act Uncertainty
Last month, the Senate failed to advance the Clarity Act, a bill designed to establish a regulatory framework for cryptocurrency. And as CoinDesk reported Sunday (Oct. 4), there is a shrinking window for lawmakers to pass the law this year, leaving regulatory bodies to fill the gap and raising questions about the future of crypto […] The post Crypto Dealmaking Jumps 44% Despite Clarity Act U
PYMNTSOct 5
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