The US Commodity Futures Trading Commission (CFTC) on October 5 unveiled a comprehensive federal regulatory framework targeting crypto asset (virtual currency) transactions for retail customers and opened a public comment period. The framework would regulate crypto asset commodity transactions (CTX) involving margin, leverage, and lending, and would also establish a new market category for exchanges handling such products.

Published as an Advance Notice of Proposed Rulemaking (ANPRM), the framework consists of two pillars: “Regulation Crypto Asset Transactions (Regulation CTX)” and “Regulation Crypto Asset Markets (Regulation CAM).” CTX aims to establish rules for retail crypto asset commodity transactions under the Commodity Exchange…