CFTC advances voluntary crypto exchange registration as Congress stalls

The U.S. Commodity Futures Trading Commission has advanced a voluntary federal registration pathway for crypto exchanges, Chairman Mike Selig has said, as Congress has yet to enact a crypto market-structure law. Federal registration would offer a pathway for exchanges providing leveraged, margined, or financed retail crypto trading. Financing offers could bring some fully paid transactions into the contemplated federal framework. Exchange safeguards would address token listings, customer funds, conflicts, and proof of reserves. Dec. 14 is the comment deadline stated in the published Federal Register notice. In an Oct.