The U.S. Commodity Futures Trading Commission has advanced a voluntary federal registration pathway for crypto exchanges, Chairman Mike Selig has said, as Congress has yet to enact a crypto market-structure law.
Summary
- Federal registration would offer a pathway for exchanges providing leveraged, margined, or financed retail crypto trading.
- Financing offers could bring some fully paid transactions into the contemplated federal framework.
- Exchange safeguards would address token listings, customer funds, conflicts, and proof of reserves.
- Dec. 14 is the comment deadline stated in the published Federal Register notice.
In an Oct. 26 X post, Mike Selig said that the…
