Story perspectives

CFTC Unveils Leveraged Crypto Rules, Opens 60-Day Comment Period

By Drooid · Oct 6, 2026, 2:29 PM UTC · How we work

Summary

Story summary

U.S. Commodity Futures Trading Commission unveiled a leveraged-crypto framework and opened a 60-day comment period.
Proposal creates Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM).
Exchanges may opt into a new crypto-asset market registration to offer margined trades.
Chair Michael S. Selig said the rules target fraud such as the 2022 FTX collapse.
Critics claim the CFTC lacks investor-protection powers, making the plan weaker than SEC proposals.

History

Historical Context

After the CFTC approved regulated Bitcoin futures in December 2017, the CBOE began daily settlement, sparking $1 billion of open interest by March 2018. Earlier, FinCEN’s March 2013 guidance classified virtual currencies and warned that roughly 45 percent of exchanges later failed, underscoring the fraud-prevention focus of Chair Michael S. Selig’s 2022 leveraged-crypto framework following the FTX collapse.

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Story summary

U.S. Commodity Futures Trading Commission unveiled a leveraged-crypto framework and opened a 60-day comment period.
Proposal creates Regulation Crypto Asset Transactions (CTX) and Regulation Crypto Asset Markets (CAM).
Exchanges may opt into a new crypto-asset market registration to offer margined trades.
Chair Michael S. Selig said the rules target fraud such as the 2022 FTX collapse.
Critics claim the CFTC lacks investor-protection powers, making the plan weaker than SEC proposals.

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