Chairman Mike Selig stated the initiative replaces a previous enforcement only strategy to prevent the kind of fraud seen during the collapse of FTX. Because Congress failed to pass the Clarity Act, the CFTC is exercising existing statutory authority to establish a national regulatory regime for crypto market structure. The agency is also drafting a policy to exempt software developers from broker registration if they do not hold customer assets or control trade execution.
Tuesday, October 20, 2026
Story
CFTC Defines Self Custody in First Formal Crypto Rulebook
Crypto15 days ago
A new federal proposal from the Commodity Futures Trading Commission would exempt retail crypto trades from agency oversight if the assets are moved to a non-custodial wallet within 28 days. This advanced notice of proposed rulemaking, covering Regulation CTX and Regulation CAM, opens a 60 day window for public comment on a framework that permits exchanges to offer retail leveraged and margined spot trading. The proposed rules would require these transactions to be intermediated by futures commission merchants and mandate standards for customer asset segregation and proof of reserves, while identifying Bitcoin, Ether, Solana, Stellar, Tezos, and XRP as digital commodities.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.