CFTC Advances Reg CAM Framework for Voluntary Federal Oversight of Crypto Markets

Odaily Planet Daily reports: Michael Passalacqua, Senior Advisor to CFTC Chairman Mike Selig and Head of the Innovation Task Force, explained that following the setback of the Clarity Act, the CFTC’s proposed Reg CAM—“Crypto Asset Markets” framework—aims to provide a voluntary pathway for crypto asset trading platforms to join a nationally unified regulatory regime led by the CFTC. This arrangement primarily targets platforms offering leveraged, margin, or financed trading to retail customers, enabling them to move away from the fragmented state-by-state money transmitter licensing landscape; purely spot, non-leveraged trading generally remains outside this mandatory framework. Passalacqua noted that the rulemaking process is currently in the comment period, and it remains uncertain whether the industry finds the proposal attractive.