#CFTCCryptoRulemaking
About CFTCCryptoRulemaking
On Oct 5, the CFTC began seeking public comment on potential rules for certain retail crypto transactions involving leverage, margin or financing. It is also considering a registration category for crypto asset markets. Comments are due within 60 days of publication in the Federal Register. The initiative does not broadly cover ordinary unleveraged spot trading. Separately, FinCEN withdrew proposed rules concerning unhosted wallets and crypto mixing.
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The CFTC’s focus on leveraged, margined, or financed retail crypto activity draws a useful boundary: the policy pressure is aimed at market structure and consumer exposure, not ordinary spot trading.
A dedicated registration path could clarify responsibilities, but its value will depend on how narrowly the eventual rules are drawn.
#CFTCCryptoRulemaking
CFTC confirms crypto rules: Chair Selig confirmed the agency will draft exchange and leverage rules under existing authority after the CLARITY Act failed. This supported BTC's push to $86,748.
· $BTC ETF inflows continue: Spot Bitcoin ETFs recorded $134.4M in net inflows over two sessions, after $102.7M on Oct 1 and $31.7M on Oct 2.
· Strategy adds 1,665 BTC: Michael Saylor's firm acquired ~$142.7M worth, bringing total holdings to 847,666 $BTC .
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Hashmeta_x
If $ETH can't reclaim $2,800 with real volume, the likely path is a final squeeze to $2,850 to trap late longs, then a breakdown. Below $2,600, the next stop is $2,500, and if that fails, $2,350. The ETF flow reversal is the key signal. Until spot demand returns, rallies are for selling, not holding.
Treasury withdraws 2 crypto rules: $10K self-custody transfer reporting and mixer tracking
"It's not just the SEC and the CFTC. Treasury making a huge move for the industry very quietly here yesterday. So, Treasury withdraws crypto mixing rule, citing concerns over chilling effect on legitimate activity."
"If you've been around for a while, you probably remember these. To be clear, they were never actually put into law, but now the idea of them is being dropped. But it's very, very important for your protections in crypto. There's a 2020 self-hosted wallet rule and a 2023 crypto mixer reporting rule."
"The wallet proposal would have required banks and exchanges to verify identities and maintain records for self-hosted wallet transactions above $3,000. Like, that would have been literally impossible, as everyone in the industry pointed out."
"Every transaction above $10,000 would have been reported to FinCEN, even if you sent $10,000 to yourself or to a friend in crypto. Somehow someone would be responsible for those to be reported to FinCEN, even though it was in a self custody wallet with no KYC and no AML."
"The implications of this went even deeper, of course, because obviously crypto miners and brokers and exchanges all move money around, tons of transactions, and very few of those are tracked directly to an individual person. So as many pointed out, this was basically impossible to do in the first place."
The CFTC published a proposed framework for regulating crypto spot transactions using existing authority. No new legislation required.
Chairman Selig says the agency is following "President Trump's directive to propose a federal crypto asset regulatory market structure using the CFTC's existing statutory authorities."
The proposal includes a voluntary federal registration path for spot exchanges and a new "crypto asset market" category.
Comments open for 60 days.
