CFTC First Crypto Regulatory Framework & Illinois Legal Challenge
The CFTC published its first proposed crypto regulatory framework covering leveraged retail transactions and exchange registration, while crypto industry groups are pushing for an expedited ruling against Illinois' new crypto tax law.
What we know
@CoinDesk reports the CFTC's proposed framework covers leveraged retail crypto, exchange registration and clearing — with public comments due December 14. Simultaneously, @TheBlockCo reports the Crypto Council for Innovation and Blockchain Association filed a joint motion to expedite their challenge to Illinois' Digital Asset Tax Act. Enforcement is paused until July 1, 2027, with industry groups seeking a ruling by March 1.
Sources
“CFTC publishes its first proposed regulatory framework for crypto markets; public comments due December 14”
View post →“Crypto Council for Innovation and Blockchain Association filed joint motion challenging Illinois' Digital Asset Tax Act”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.