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CFTC advances voluntary federal registration pathway for crypto exchanges

Commodity Futures Trading Commission Chairman Mike Selig announced that the agency is pursuing a voluntary federal registration regime for cryptocurrency exchanges while Congress has yet to enact legislation.

CFTC Chairman Mike Selig seated at a hearing desk with a microphone and his nameplate in front of him.
Image: @WhaleInsider

The Commodity Futures Trading Commission is advancing a voluntary federal registration pathway that would allow cryptocurrency exchanges to register with U.S. regulators, Chairman Mike Selig announced. Selig stated that crypto markets deserve the same protections that have long governed American derivatives markets, emphasizing that the CFTC is moving forward on its own because Congress has not yet acted.[1][3][4][5]

Under the initiative, the regulator is formulating new rules to establish an official framework for digital asset trading platforms. According to Crypto Briefing, establishing federal oversight over crypto exchanges could reinforce market stability and confidence, with the potential to positively influence Bitcoin market dynamics.[2][6][7][8][9]

Key facts

  • CFTC Chairman Mike Selig announced the agency is advancing a voluntary federal registration pathway for crypto exchanges.
  • The registration pathway is modeled on existing oversight and protections in U.S. derivatives markets.
  • Selig noted that the CFTC is proceeding independently because Congress has not yet passed crypto market legislation.
  • The agency is developing new rules to enable crypto platforms to officially register in the United States.
  • Crypto Briefing reported that federal oversight could enhance market confidence, stability, and Bitcoin's market dynamics.

Sources 路 9 sources

  1. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚭馃嚫 BIG: CFTC Chairman Mike Selig says crypto markets should get the same protections as US derivatives markets. Congress hasn't acted, so the CFTC is moving on its own. Should it have waited? https://t.co/NLCxjX7lsy

    Open source
  2. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: 馃嚭馃嚫 CFTC Chair Mike Selig says U.S. regulators are working on NEW RULES that would allow cryptocurrency exchanges to officially register in the United States! https://t.co/ihFk0tqu4z

    Open source
  3. SI

    Solid Intel 馃摗@solidintel_xPost on X 路

    INTEL: CFTC Chair Mike Selig says the agency is pursuing a voluntary federal registration regime for crypto exchanges https://t.co/oM0MpbVIPy

    Open source
  4. CN

    crypto.news@cryptodotnewsPost on X 路

    JUST IN: CFTC Chair Mike Selig pushes voluntary federal registration for crypto exchanges With Congress yet to act, the agency is advancing a pathway to bring crypto platforms under federal oversight modeled on U.S. derivatives market protections. https://t.co/7jv9LMQ8pP

    Open source
  5. TW

    The Wolf Of All Streets@scottmelkerPost on X 路

    馃嚭馃嚫 CFTC CHAIRMAN MIKE SELIG SAYS THE CFTC IS ADVANCING A VOLUNTARY FEDERAL REGISTRATION PATHWAY FOR CRYPTO EXCHANGES WHILE CONGRESS HAS YET TO ACT https://t.co/l2hObeScpU

    Open source
  6. CB

    Crypto BriefingArticle 路

    CFTC developing new rules for crypto exchanges to register with US regulators Federal oversight of crypto exchanges could enhance market confidence and stability, potentially influencing Bitcoin's market dynamics positively. The post CFTC developing new rules for crypto exchanges to register with US regulators appeared first on Crypto Briefing .

    Open source
  7. WI

    Whale Insider@WhaleInsiderPost on X 路

    JUST IN: 馃嚭馃嚫 CFTC Chair Mike Selig says they're working on new rules that would allow crypto exchanges to register with U.S. regulators. https://t.co/PWg8LWRxQ7

    Open source
  8. KC

    Kalshi Crypto@Kalshi_CryptoPost on X 路

    JUST IN: Mike Selig says CFTC is working on new rules to allow crypto exchanges to register with US regulators

    Open source
  9. BT

    Bull Theory@BullTheoryioPost on X 路

    BREAKING: 馃嚭馃嚫 CFTC Chair Mike Selig says they're developing new rules to let crypto exchanges register with US regulators. https://t.co/Vh1QwTkPTL

    Open source