Mike Selig, chair of the U.S. Commodity Futures Trading Commission, said in a CNBC interview that there will be no "race to the bottom" on leverage in crypto. He said the CFTC plans to apply mature margin models and risk-control measures, long used in derivatives markets to protect market integrity, to the crypto market. The remarks point to a regulatory approach that draws from existing derivatives-market safeguards rather than looser leverage standards. Selig’s comments were limited to leverage, margin models and controls, and did not include additional policy details in the interview excerpt cited by Odaily.
Mike Selig, chair of the U.S. Commodity Futures Trading Commission (CFTC), said in a CNBC interview that there will be no "race to the bottom" on leverage.
He said the CFTC will apply mature margin models and risk-control measures, which have long been used in derivatives markets to preserve market integrity, to the crypto market.
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