INTEL: CFTC proposes federal registration option for crypto exchanges, Chairman Selig says
The US Commodity Futures Trading Commission (CFTC) has proposed new regulations that would create a federal registration option for crypto exchanges, Chairman Selig said in a post on X. The measure is a proposal, not a final rule.
According to Selig, the rules would bring to crypto markets the same time-tested safeguards that have protected American derivatives markets from cyber and other risks for decades. He framed the plan as an extension of the protections already used in regulated derivatives trading.
Selig also said markets are best protected when they are regulated in the US. His post tagged CNBC’s Sara Eisen and the network’s Squawk Box program, Squawk Street, but it did not say where or when he made the remarks beyond the post itself.
What the post does not say
The post did not set out the proposal’s specific requirements, which exchanges could use the registration route, or a timeline for public comment or adoption. It also did not say how the registration option would interact with existing oversight of crypto trading venues. Those points will depend on the CFTC’s proposal text and any later official documents.
The description comes from the CFTC chairman’s own account of the proposal. This article does not rest on the proposal text itself.
