US CFTC Chair: Will Advance Voluntary Federal Registration Mechanism for Crypto Trading Platforms

BlockBeats news, October 26: CFTC Chairman Mike Selig stated in a post that the crypto market should enjoy the same safeguards as the mature protection mechanisms that the U.S. derivatives market has employed for decades.

While Congress has not yet taken action, the CFTC is advancing a voluntary federal registration mechanism for crypto trading platforms, bringing its regulatory standards further in line with the high-standard regulatory system of the U.S. financial market.