Summary
- The US Commodity Futures Trading Commission said it would propose its first regulatory plan for the crypto market.
- CFTC Chairman Michael Selig said the agency would propose its first regulatory plan for the crypto market on October 5.
- Selig said the CFTC plans to craft rules and regulations that reflect the differences between crypto assets and other types of commodities.
Forecast Trend Report by Period
The US Commodity Futures Trading Commission is proposing its first regulatory plan for the crypto market.
CFTC Chairman Michael Selig said on October 5 that the agency would propose its first regulatory plan for the crypto market, The Wall Street Journal reported.
He said the CFTC plans to craft rules and regulations that reflect the differences between crypto assets and other types of commodities.
The agency intends to distinguish the characteristics of crypto assets from those of existing commodities and incorporate that into its regulatory framework.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.