TLDR Tech / News
The CFTC Builds Its First Crypto Market Structure — And Deliberately Leaves the Spot Market Outside
The Commodity Futures Trading Commission has released its Advance Notice of Proposed Rulemaking for Regulation CTX and Regulation CAM, establishing a framework for retail commodity transactions involving leverage, margin, or financing. Notably, the proposal deliberately leaves the spot market outside its reach due to a lack of statutory authority. The rulemaking aligns with a broader four-agency convergence scheduled for January 18, 2027, though the SEC faces potential quorum risks.
Read the full story