The US Commodity Futures Trading Commission has published an advance notice of proposed rulemaking seeking input on a comprehensive regulatory framework for retail commodity transactions involving crypto assets under Section 2(c)(2)(D) of the Commodity Exchange Act. The initiative advances the CFTC’s previously outlined roadmap to develop crypto market rules using its existing statutory authority and could inform a future rulemaking. The CFTC is considering rules to prevent abusive practices under a uniform national regime and provide crypto specific context for regulatory requirements and industry practices it regards as compliance best practices. It also seeks views on codifying a purpose built subcategory of designated contract market registration, called a crypto asset market, specifically for these transactions.
US Commodity Futures Trading Commission launches consultation on comprehensive retail crypto commodity transaction framework
The US Commodity Futures Trading Commission is seeking input on a comprehensive framework for retail commodity transactions involving crypto assets under its existing statutory authority. Potential rules would address abusive practices, clarify crypto specific compliance expectations and create a purpose built designated contract market registration subcategory.