THE CFTC IS WRITING NEW RULES FOR CRYPTO EXCHANGES THAT LET PEOPLE TRADE WITH BORROWED MONEY. THE POINT IS TO STOP FRAUD AND PROTECT CUSTOMERS BEFORE ANOTHER FTX-STYLE COLLAPSE. THE RULES ARE NOT FINAL YET. EXCHANGES THAT DO NOT OFFER LEVERAGE CAN STAY UNDER STATE RULES.
published
THE CFTC IS WRITING NEW RULES FOR CRYPTO EXCHANGES THAT LET PEOPLE TRADE WITH BORROWED MONEY. THE POINT IS TO STOP FRAUD AND PROTECT CUSTOMERS BEFORE ANOTHER FTX-STYLE COLLAPSE. THE RULES ARE NOT FINAL YET. EXCHANGES THAT DO NOT OFFER LEVERAGE CAN STAY UNDER S
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