U.S. CFTC Proposes First Crypto Rules Under CTX and CAM After CLARITY Act Fails

The U.S. Commodity Futures Trading Commission (CFTC) has proposed its first-ever crypto rules under two regulatory frameworks: the Regulation ‘Crypto Asset Transactions’ (CTX) and Regulation ‘Crypto Asset Markets’ (CAM). The Commission has also called for public comments on these proposed rules, which CFTC Chair Mike Selig noted would provide a comprehensive framework for CFTC-regulated exchanges that offer crypto trading.