CFTC proposes leveraged crypto trading rules, excludes spot markets, joins SEC push
Image: CointelegraphOn October 5, the CFTC issued an advanced notice of proposed rulemaking for crypto transactions using leverage, margin or financing, labeled the CTX framework. The agency also proposes a new crypto asset market (CAM) registration category for eligible exchanges. Ordinary spot crypto trading is excluded from the proposed rules, though the CFTC retains anti-fraud and anti-manipulation authority over spot markets. The announcement follows the Senate's failed vote on the CLARITY Act, and comes after the SEC announced its own tailored crypto securities proposal in August.
Key points
- Proposed CFTC rules exclude ordinary spot crypto trading from the new regulatory framework
- The CFTC proposes a new crypto asset market (CAM) registration category for crypto exchanges
- The rulemaking follows the US Senate's failure to pass the CLARITY crypto market structure bill
Why it matters
The proposal could create a uniform national regulatory path for crypto platforms offering leveraged trading products, reducing reliance on varying state-level rules. The CFTC will retain anti-fraud oversight of spot crypto markets regardless of the new framework.
What's unclear
The timeline for the CFTC's public comment period and subsequent final rule adoption is not specified
No nominees for vacant SEC and CFTC commissioner seats had been announced as of the reports' publication dates
Sources · 4 publishers
Blockonomi
Tier 3
CFTC Joins SEC in Crypto Rule Push, but Spot Trading Is Excluded
Cointelegraph
Tier 1
CFTC joins SEC in proposing crypto framework after failed CLARITY vote
U.Today
Tier 2
CFTC Eyes New Crypto Market Rules
Coverage timeline
- First reported by CoinDesk
- Confirmed by Blockonomi
- CryptoVideos brief published
- 1 more publisher added to sources
How this brief was made. Our system found this event in 4 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
