Key Highlights CFTC Chairman Mike Selig identified Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar (XLM), Tezos (XTZ), and XRP as examples of “digital commodities.” The remarks follow joint asset classification efforts between the CFTC and the U.S. Securities and Exchange Commission (SEC) as the CFTC prepares to draft its first formal crypto market rules. Regulators ...
Key Highlights The Commodity Futures Trading Commission (CFTC) announced an advance notice of proposed rulemaking introducing Regulation Crypto Asset Transactions (Regulation CTX) and Regulation Crypto Asset Markets (Regulation CAM). The framework aims to establish uniform federal oversight for crypto asset exchanges under existing statutory authorities rather than relying on regulation by enforcement. A statutory gap ...
Key Highlights CFTC Chair Mike Selig signals readiness to finalize rules for digital asset derivatives markets following Wednesday’s commission vote. The CFTC issued a no-action letter allowing software providers to connect users to regulated derivatives markets without registering as introducing brokers. Relief covers passive software enabling market viewing and order submission through crypto wallets, with ...