CFTC Proposes New Rules for Retail Crypto Transactions

The US Commodity Futures Trading Commission (CFTC) has taken a significant step toward creating a new regulatory framework for crypto transactions. The agency recently published an Advanced Notice of Proposed Rulemaking (ANPRM) seeking public comments on a proposed framework for retail commodity transactions involving crypto assets, which the CFTC refers to as crypto asset transactions (CTXs).

The CFTC is exploring how to prevent abusive practices in crypto markets through a uniform national regulatory framework. It also seeks input on providing market participants with crypto-specific regulatory guidance to ensure compliance. The proposal builds on the CFTC’s oversight of crypto markets since 2014 and considers establishing a new subcategory of designated contract market registration specifically for CTXs.

CFTC Chairman Michael S. Selig emphasized that the move aims to provide clarity, certainty, and consumer protection in crypto markets. He stated, “Today’s action is a critical step in the CFTC’s ongoing efforts to ensure America remains the crypto capital of the world.” The agency plans to use existing statutory authorities to develop a federal regulatory structure for crypto assets and focus on preventing fraudulent schemes proactively.

The CFTC is not introducing final rules yet but is seeking public input on the proposed approach. Comments must be submitted within 60 days of the ANPRM’s publication in the Federal Register. This development coincides with ongoing discussions among US lawmakers about digital asset market regulation, though recent legislation like the CLARITY Act did not advance in the Senate.