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Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets
Plain English Summary
The Commodity Futures Trading Commission (CFTC) is planning to create new rules for trading and markets involving crypto assets. They are asking for public feedback on these proposed rules to ensure they are appropriate and effective. This change affects anyone involved in crypto asset transactions and markets. Insurance agents should stay informed about these developments, as they may impact clients who invest in or deal with crypto assets.
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The Commodity Futures Trading Commission ("Commission" or "CFTC") is issuing an advanced notice of proposed rulemaking regarding section 2(c)(2)(D) of the Commodity Exchange Act ("CEA" or "Act") to provide notice and seek public comment on its intent to develop and establish fit-for-purpose rules implementing section 2(c)(2)(D) of the Act with respect to transactions and markets in crypto assets.