CFTC proposes federal framework for leveraged spot crypto trading for retail

The CFTC proposed a federal framework letting crypto exchanges offer retail customers leveraged and margined spot trading without congressional action. The agency floated a new "crypto asset market" exchange category but said it cannot require crypto to trade on CFTC platforms without Congress.

• CFTC proposed a federal framework for leveraged and margined spot crypto trading
• The regulator introduced a new "crypto asset market" exchange category
• Mandating crypto trading on CFTC platforms still requires Congress