ME News reports that on October 6 (UTC+8), the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday to establish a U.S. cryptocurrency regulatory framework by leveraging its authority over leverage and margin trading, aiming to address regulatory uncertainty left by Congress’s failure to complete cryptocurrency legislation. CFTC officials stated that the agency is advancing two regulatory pathways intended to form a “comprehensive regulatory framework”: one directly addressing trading—Regulation CTX (Regulation of Crypto Asset Trading); and another regulating the entities facilitating these activities—Regulation CAM (Regulation of Crypto Asset Markets). The latter would create a new category of platforms called “Crypto Asset Markets” (CAMs). Under the proposed rules, cryptocurrency activities involving leverage, margin, or financing would fall under CFTC oversight. This means that traders using borrowed funds to amplify positions would be subject to the agency’s regulation. CFTC Chair Mike Selig, in prepared remarks for the annual Blockchain Regulation Symposium at Fordham Law School, said: “These rules codify a path for crypto asset trading platforms to operate under the CFTC’s unified national regulatory regime, based on the same statutory authorities the previous administration used to enforce regulation.” However, this effort may still leave significant gaps. The CFTC lacks comprehensive regulatory authority over spot markets—markets where cryptocurrencies are traded directly at current market prices without leverage or margin. This includes direct buying and selling of major cryptocurrencies such as Bitcoin and Ethereum. But there is one important exception: the CFTC retains the authority to combat fraud and manipulation in these markets. The agency’s new initiatives cannot reach or replace state-level money transmission regulations governing direct trading. However, CFTC officials indicated that firms seeking to offer more complex products would do so through tailored, CFTC-regulated platforms. Officials noted that, prior to concluding a 60-day public comment period and gathering further industry input, they are still uncertain about the size of the remaining spot market—but suggested that consumers may prefer conducting business within a federally regulated environment. (Source: BlockBeats)
U.S. CFTC Proposes New Crypto Rules Targeting Leverage and Margin Trading
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Summary
On October 6, 2026, the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules to establish oversight for crypto activities involving leverage, margin, or financing. Regulations CTX and CAM aim to address gaps in the legal framework, particularly concerning liquidity and crypto markets. The CFTC does not regulate the spot market, where direct trading of assets such as Bitcoin and Ethereum occurs. A 60-day public comment period will inform the final rules. The CFT (Countering the Financing of Terrorism) framework remains separate but may influence future enforcement actions.
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