US CFTC proposes first formal crypto market rules.

BlockBeats news, October 5th, according to the Wall Street Journal, the U.S. Commodity Futures Trading Commission (CFTC) has proposed its first formal crypto market rules, abandoning the "enforcement-only" regulatory approach through new CTX and CAM regulations.

CFTC Chairman Mike Selig stated: "Unlike the Clarity Act, these regulations do not require crypto assets to be traded on CFTC-registered platforms. We do not have the authority to impose such a requirement without congressional authorization. However, these rules provide a suitable option for crypto asset trading platforms that wish to follow a single federal regulatory framework."