US: CFTC Considers New Trading Rules and Federal Licensing for Crypto Exchanges

The Commodity Futures Trading Commission has opened a public consultation on a new regulatory framework for digital asset trading platforms.

The US Commodity Futures Trading Commission (CFTC) has launched a public consultation process to develop new rules for cryptocurrency trading, outlets Crypto News and Investment Executive reported.

According to a report by Crypto Economy, the plan advanced by the agency includes a blueprint for federal licensing of crypto exchanges and leverage trading platforms, encompassing regulation under designations known as CTX and CAM. Outlet BeInCrypto noted that the emerging rules are aimed at applying lessons learned from the collapse of the FTX exchange, which involved an estimated $8 billion fraud.

Further details regarding the timeline for the guidelines to take effect and the full licensing framework have not yet been released.