ClimbingDetected Oct 6

CFTC Moves to Build Federal Rulebook for Crypto Exchanges After Clarity Act Fails

Climbing
2.8 momentum
Press
4 stories across sources

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 day
10-0510-06

Angles you could write

contrarian take

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

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