Michael Selig, US Commodity Futures Trading Commission (CFTC) Chair, said the agency will act “with or without legislation,” to implement proposals that would give certain crypto platforms a clearer pathway to operate under the CFTC’s existing oversight. The proposed rules make use of a specific authority the CFTC has to
CFTC advancing crypto rules as regulators act while Congress stalls
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The CFTC says it is stepping into the gap where it has jurisdiction to regulate the leveraged and margin-dependent trading of crypto assets.