The CFTC plans to introduce the Reg CM framework, allowing crypto exchanges to voluntarily accept federal regulation.

PANews October 19 news, according to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has proposed a regulatory framework called Reg CM, allowing cryptocurrency exchanges to opt in to unified federal-level regulation instead of continuing to face fragmented licensing requirements across states. Michael Passalacqua, senior counsel to CFTC Chairman Selig, provided an explanation of the framework. It remains unknown whether the industry will adopt this voluntary mechanism.