The CFTC Builds Its First Crypto Market Structure — And Deliberately Leaves the Spot Market Outside

Washington has finally achieved the regulatory equivalent of a synchronized swimming routine, though the water remains suspiciously shallow. On October 5, 2026, the Commodity Futures Trading Commission (CFTC) released its Advance Notice of Proposed Rulemaking (ANPRM) for Regulation CTX (Crypto Asset Transactions) and Regulation CAM (Crypto Asset Markets). This move completes a four-agency convergence that […]