The Commodity Futures Trading Commission issued an advance notice of proposed rulemaking (Notice) on Oct. 5, 2026, seeking public comments addressing how CFTC might develop a framework for regulating retail crypto asset transactions offered or conducted on a leveraged, margined, or financed basis (retail crypto asset transactions offered on this basis, CTXs). The Notice also contemplates a purpose-built regulatory environment for exchanges and intermediaries engaging in CTX activities — crypto asset markets (CAMs).
The Notice has three main parts:
- History and background underlying the proposed rulemaking.
- Proposed Regulation CTX (Reg CTX), setting out the CFTC’s preliminary understandings and potential regulatory approaches for…
