CFTC proposed letting US crypto exchanges opt into a federal regime for leveraged spot trading instead of the state money-transmitter patchwork. Chairman Michael S. Selig says the agency wants crypto

What happened: The CFTC proposed a federal regulatory framework letting US crypto exchanges opt into federal oversight for leveraged and margined spot trading, weeks after Congress stalled on broader crypto legislation. Key numbers: Bitcoin traded in the $85,000-$86,000 range on October 6 after nearing $87,000. Ethereum near $2,700, XRP around $1.50, Solana around $120. Why it matters: The plan uses the CFTC's existing authority, but full spot oversight needs Congress. Analysts caution rules made without legislation may face political and legal challenges, leaving regulatory uncertainty.

The CFTC proposed a federal regulatory framework letting US crypto exchanges opt into federal oversight for leveraged and margined spot trading, weeks after Congress stalled on broader crypto legislation.

The plan uses the CFTC's existing authority, but full spot oversight needs Congress. Analysts caution rules made without legislation may face political and legal challenges, leaving regulatory uncertainty.