CFTC Proposes Crypto Market Regulation Rules and Confirms Registration Demand
- 1The CFTC proposed rules in October aiming to prevent crypto market abuse and codify trading rules.
- 2Chairman Michael Sell told CNBC that many major crypto exchanges are already registered with the CFTC.
- 323 Democratic senators sent a letter to Michael Sell in February urging the withdrawal of prediction market approvals.
So what's the key point?
The CFTC has decided to create rules to manage the crypto market. Since major exchanges are already registered, standards for governing the market will be established.
Source CNBC · View original ↗
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