🇺🇸 THE CFTC IS PROPOSING ITS FIRST-EVER U.S. #BITCOIN AND CRYPTO MARKET RULES ⚡️ CFTC Chairman Michael Selig says the agency is beginning its first round of regulations specifically designed for crypto markets. The proposals are called: ➡️ Regulation Crypto Asset Transactions (CTX) ➡️ Regulation Crypto Asset Markets (CAM) Selig says the rules would create requirements for CFTC-registered exchanges offering crypto assets for trading and provide crypto exchanges with an option to operate under a single federal market-regulatory framework. And there is another major detail: Selig says an earlier joint CFTC and SEC interpretation clarified that a range of crypto assets, “including bitcoin and ether,” are non-securities within the CFTC's regulatory authority. In other words 👉 The CFTC is moving toward a purpose-built federal regulatory framework for Bitcoin and crypto markets. Selig says the agency is moving away from trying to fit crypto into legacy regulations designed for fund...