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CFTC Chairman proposes federal rules to bring retail crypto margin trading onshore
Mike Selig, CFTC Chairman, discussed two regulatory initiatives—Regulation Crypto Asset Transactions (CTX) to allow retail margin trading of crypto and Regulation Crypto Asset Markets (CAM) to create a federal licensing pathway for exchanges—on a Bankless podcast. The proposals aim to replace fragmented state-by-state licensing, prevent repeat of the FTX failure, and address prediction market regulation. The CFTC plans to act without waiting for Congress, with early-stage rulemaking expected to expand federally regulated crypto services.