The Commodity Futures Trading Commission (CFTC) introduced a proposal Monday (Oct. 5) for a regulatory framework governing retail transactions involving crypto assets (CTXs), and said it is seeking public comment on the proposed rule.

“Today’s action is a critical step in the CFTC’s ongoing efforts to ensure America remains the crypto capital of the world,” CFTC Chairman Michael S. Selig said in the announcement.

“The American people deserve clarity, certainty, and consumer protections in the crypto asset markets and the agency is committed to delivering this by incorporating crypto asset transactions into its…