CFTC is now in ACTION for crypto regulatory CLARITY. CFTC Chairman Selig says the agency is proposing its FIRST round of crypto market regulations, per WSJ. The new CTX and CAM rules would create a federal framework for CFTC-registered crypto exchanges and recognize key differences between crypto assets and traditional commodities. Key implications: - Bitcoin and Ether would sit within a clearer CFTC-led framework - Crypto exchanges could opt into a single federal regime instead of relying only on state licenses - Registered platforms could offer retail margin, leverage and financed trading - The rules would NOT force all crypto assets onto CFTC-registered venues The move comes after the Senate failed to advance the CLARITY Act, with the CFTC now using its existing authority to move ahead. Selig says this is only the 'beginning' of a BROADER PUSH to close gaps in U.S. crypto market structure.