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CFTC Moves to Build Federal Rulebook for Crypto Exchanges

CFTC Moves to Build Federal Rulebook for Crypto Exchanges

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 allow crypto exchanges to register as federally supervised “crypto asset markets.” The move follows the collapse of the Clarity Act, which fell short in the Senate last month after Congress spent much of the past two years debating how to divide responsibility for digital assets among federal regulators.

Because the notice is an ANPRM, the CFTC is…

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