Clearing members fear CFTC bending rules for crypto

Critics warn new framework for Bitnomial and LedgerX could undermine clearing integrity

CFTC crypto acceptance
Risk.net montage

Clearing market participants are alarmed by a double rulemaking issued by the US Commodity Futures Trading Commission at the end of last year, which they fear has bent the rules on clearing too far in an effort to accommodate the unconventional market structure of cryptocurrency trading.

The CFTC has shown itself “willing to weaken regulation to appease the crypto mavens”, says a former head of clearing at a futures commission merchant (FCM).

That view was shared by Democrat commissioner Christy

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: