CFTC Proposed Reg CM — Federal Crypto Exchange Framework
The CFTC's proposed Regulation CM would allow crypto exchanges to opt into a single national federal regulatory framework, potentially replacing a fragmented state-by-state approach. Industry uptake is uncertain.
What we know
@CoinDesk reported that a Senior Advisor to CFTC Chairman Selig explained the Reg CM framework as an opt-in federal oversight structure for exchanges. Whether the industry will embrace it or resist it in favor of existing lighter-touch state regimes remains an open question. This is a quieter story that could have significant structural implications for how exchanges operate in the US.
Sources
“Could crypto exchanges soon operate under one national regulatory framework? CFTC's proposed Reg CM framework would let exchanges opt into federal oversight”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.