@larryflorio
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www.coalitionfortokenizedmarkets.org 2026 Tokenized Fund Roundtable | CTM — Coalition for Tokenized Markets (CTM) Join leaders in finance, policy and digital assets in New York City to discuss tokenized fund issuance, distribution, regulation and adoption. TRENDING: University of Chicago students are protesting at the CME, demanding an end to the federal ban on onion futures
Student-led group For Our Futures is rallying to call for a repeal of the 1958 Onion Futures ActView quoted post on X
All in. Every time. Julia Garner and Anthony Boyle star as Caroline Ellison and Sam Bankman-Fried in this limited series about the love scorned prodigies behind the FTX scandal.
The Altruists premieres November 19.View quoted post on X
www.cftc.gov CFTC Seeks Public Comment on Advanced Notice of Proposed Rulemaking Relating to Regulation Crypto... The Commodity Futures Trading Commission today published an Advanced Notice of Proposed Rulemaking to provide notice of, and seek public comment regarding, its intent to establish a comprehensive... The @CFTC just proposed its first crypto market structure rules: Regulation Crypto Asset Transactions (CTX) & Regulation Crypto Asset Markets (CAM)View quoted post on X
tl;dr The CFTC is building what it can w the authority it already has now that the Clarity Act seems unlikely
Highlights from @ChairmanSelig WSJ op-ed this morning:
– Covers crypto the CFTC & SEC already agreed are non-securities in their joint interpretation earlier this year (eg bitcoin & ether)
– Sets requirements for CFTC-registered exchanges that list those assets
– It's opt-in. Nothing forces spot crypto onto CFTC venues (Selig concedes that one takes Congress)
– The carrot: these venues could offer retail customers margined, leveraged or financed trading. State-licensed exchanges can't
That last point is the big one IMO. Retail leverage is the one product a state money-transmitter license can never get you, and the CFTC is betting it's enough to pull exchanges into a single federal scheme voluntarily
Also a pretty pointed Gensler callback: the "come in and register" era is over & exchanges no longer have to concede their listings are securities to get a federal home
As @MichaelSelig says himself: agency rules can't substitute for a statute forever, and a future Commission can unwind this. But it's a real federal on-ramp, which is more than we had yesterday
Haven't seen the proposal text yet, so more fun to follow!
cftc.gov/PressRoom/Spee…
