Policy
CFTC Seeks Comment on Crypto Rulebook That Leaves Spot Exchanges to the States
The Defiant·October 5, 2026·1 min read
The CFTC published an Advanced Notice of Proposed Rulemaking covering retail crypto trading on margin, leverage, or financing, and a new exchange registration category built for it. Chairman Michael Selig called it a federal option rather than a mandate, leaving spot exchanges to state regulators.
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