CFTC Chair Selig: Crypto Exchanges Seeking to Join Voluntary Digital Asset Framework

Cointime update: US CFTC Chairman Michael Selig said crypto exchanges have shown demand for the agency’s October-proposed digital asset framework, a voluntary opt-in regime, on Nov. 13. Registered exchanges could offer margin, leverage or financing crypto trading under the framework, and some new entrants want federal registration to avoid state-by-state licensing. Selig said the regulator will advance crypto oversight through rulemaking amid dim legislative prospects.