{"description":"Documents matching 'crypto' and from Commodity Futures Trading Commission","count":24,"total_pages":2,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bagencies%5D%5B%5D=commodity-futures-trading-commission&conditions%5Bterm%5D=crypto&format=json&page=2","results":[{"title":"Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") issues herein an interpretation regarding the application of the Federal securities laws to certain types of crypto assets and certain transactions involving crypto assets. The references in this release to \"we\" and \"our\" are to the Commission. The Commodity Futures Trading Commission (\"CFTC\") provides herein guidance relating to that interpretation.","document_number":"2026-05635","html_url":"https://www.federalregister.gov/documents/2026/03/23/2026-05635/application-of-the-federal-securities-laws-to-certain-types-of-crypto-assets-and-certain","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-23/pdf/2026-05635.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-05635.pdf?1774010720","publication_date":"2026-03-23","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"this release: a “<span class=\"match\">crypto</span> asset” is any digital representation of value that is recorded on a cryptographically secured distributed ledger; a “<span class=\"match\">crypto</span> network” is a blockchain or similar distributed ledger technology network; and a “<span class=\"match\">crypto</span> application” is a software application running on a <span class=\"match\">crypto</span> network. We refer to <span class=\"match\">crypto</span> networks and <span class=\"match\">crypto</span> applications together in this release as “<span class=\"match\">crypto</span> systems.” Further, for purposes of this release, “onchain” refers to transactions or data that are processed and recorded directly on a <span class=\"match\">crypto</span> network and “offchain”"},{"title":"Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets","type":"Proposed Rule","abstract":"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.","document_number":"2026-20888","html_url":"https://www.federalregister.gov/documents/2026/10/13/2026-20888/regulation-crypto-asset-transactions-and-regulation-crypto-asset-markets","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-13/pdf/2026-20888.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-20888.pdf?1791549921","publication_date":"2026-10-13","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"the application of the Federal securities laws to various <span class=\"match\">crypto</span> asset-related matters.\n 118 \n \n \n \n \n 116 \n  \n See \n SEC, <span class=\"match\">Crypto</span> Task Force, available at \n https://www.sec.gov/about/<span class=\"match\">crypto</span>-task-force. \n \n \n \n \n 117 \n  \n See, e.g., \n SEC, <span class=\"match\">Crypto</span> Task Force Roundtables, available at \n https://www.sec.gov/about/<span class=\"match\">crypto</span>-task-force/<span class=\"match\">crypto</span>-task-force-roundtables; see also https://www.sec.gov/about/<span class=\"match\">crypto</span>-task-force/<span class=\"match\">crypto</span>-task-force-meetings; \n \n https://www.sec.gov/about/<span class=\"match\">crypto</span>-task-force/<span class=\"match\">crypto</span>-task-force-written-input. \n \n \n \n \n 118 \n  \n See, e.g., "},{"title":"Innovation Advisory Committee","type":"Notice","abstract":"The Commodity Futures Trading Commission (CFTC) announces that on August 20, 2026, from 1:00 p.m. to 4:00 p.m. Eastern Daylight Time, the Innovation Advisory Committee (IAC or Committee) will hold an in- person meeting for IAC members, with options for the public to attend virtually. At this meeting, the IAC will discuss topics including crypto assets, artificial intelligence, and prediction markets, along with recent CFTC activity in these markets.","document_number":"2026-16328","html_url":"https://www.federalregister.gov/documents/2026/08/11/2026-16328/innovation-advisory-committee","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-08-11/pdf/2026-16328.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-16328.pdf?1786365915","publication_date":"2026-08-11","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"August 20, 2026, from 1:00 p.m. to 4:00 p.m. Eastern Daylight Time, the Innovation Advisory Committee (IAC or Committee) will hold an in-person meeting for IAC members, with options for the public to attend virtually. At this meeting, the IAC will discuss topics including <span class=\"match\">crypto</span> assets, artificial intelligence, and prediction markets, along with recent CFTC activity in these markets. \n \n \n DATES: \n The meeting will be held virtually for the public on August 20, 2026, from 1 p.m. to 4 p.m. Eastern Daylight Time. Please note that the meeting may end"},{"title":"Policy Statement Concerning the Listing of Perpetual Contracts","type":"Notice","abstract":"This policy statement describes the views of the Commodity Futures Trading Commission (the \"CFTC\" or \"Commission\") concerning the listing of perpetual contracts. Contemporaneously with the issuance of this policy statement, the Commission has issued an order (the \"Order\") permitting the listing of a perpetual contract that references the spot price of bitcoin by a designated contract market (\"DCM\") as a futures contract. Given the unique characteristics of perpetual contracts, which tend to vary based on the underlying asset they reference, the Commission is of the view that the case-by-case review process detailed in Commission Regulation 40.3 is appropriate for the listing of perpetual contracts that reference asset classes that are not contemplated in the Order.","document_number":"2026-11020","html_url":"https://www.federalregister.gov/documents/2026/06/03/2026-11020/policy-statement-concerning-the-listing-of-perpetual-contracts","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-03/pdf/2026-11020.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-11020.pdf?1780404307","publication_date":"2026-06-03","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"derivative contracts that have no fixed expiration date, and which rely on a periodic \n \n funding rate mechanism, rather than a fixed expiration date, to maintain relative price parity with the underlying asset's spot price. Perpetual contracts have become a dominant form of <span class=\"match\">crypto</span> derivative trading in global markets. However, given the regulatory uncertainty concerning the appropriate classification of these types of contracts in the U.S. derivatives markets, the market for perpetual contracts has largely developed outside of the United States, with"},{"title":"Withdrawal of Interpretive Guidance: Retail Commodity Transactions Involving Certain Digital Assets","type":"Rule","abstract":"The Commodity Futures Trading Commission (the \"Commission\" or \"CFTC\") is withdrawing the final interpretative guidance published on June 24, 2020, titled \"Retail Commodity Transactions Involving Certain Digital Assets.\"","document_number":"2025-22872","html_url":"https://www.federalregister.gov/documents/2025/12/16/2025-22872/withdrawal-of-interpretive-guidance-retail-commodity-transactions-involving-certain-digital-assets","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-16/pdf/2025-22872.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-22872.pdf?1765806314","publication_date":"2025-12-16","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"the ongoing work of the Commission necessary to implement the President's Working Group's recommendations.\n \n \n \n 4 \n  President's Working Group report on Strengthening American Leadership in Digital Financial Technology at 141, available at: \n https://www.whitehouse.gov/<span class=\"match\">crypto</span>/. \n \n \n \n \n 5 \n  Executive Order 14178, \n Strengthening American Leadership in Digital Financial Technology, \n 90 FR 8647 sections 1, 4 (Jan. 31, 2025).\n \n \n III. Executive Order 12866 \n The Office of Management and Budget has determined that this action is not a significant"},{"title":"Renewal of the Innovation Advisory Committee","type":"Notice","abstract":"The Commodity Futures Trading Commission (CFTC or Commission) is publishing this notice to announce the renewal of the Innovation Advisory Committee (IAC). The Commission has determined that the renewal of the IAC is necessary and in the public's interest.","document_number":"2026-16423","html_url":"https://www.federalregister.gov/documents/2026/08/12/2026-16423/renewal-of-the-innovation-advisory-committee","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-08-12/pdf/2026-16423.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-16423.pdf?1786452315","publication_date":"2026-08-12","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"becoming increasingly digitized and fast-paced, especially with the increasing use of blockchain-based infrastructure, which introduces complexities and potential risks.\n \n The CFTC has statutory anti-fraud and anti-manipulation authority over commodities, which includes certain <span class=\"match\">crypto</span> assets and environmental-based products. These markets are experiencing accelerating technological change and pose a number of complex or novel public interest issues, opportunities, and risks. The rapid innovation in technology will continue to drive market structure changes"},{"title":"Further Definition of “Swap” To Exclude Casino-Style Gambling Products","type":"Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is adopting an interim final rule (\"Interim Final Rule\") to codify its longstanding position that casino-style gambling products, including wagers placed on sportsbooks and casino games, are excluded from the \"swap\" definition.","document_number":"2026-21376","html_url":"https://www.federalregister.gov/documents/2026/10/19/2026-21376/further-definition-of-swap-to-exclude-casino-style-gambling-products","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-19/pdf/2026-21376.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-21376.pdf?1792154727","publication_date":"2026-10-19","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"regimes. For example, as noted, insurance and credit default swaps can provide similar risk mitigation, but that does not mean the two are or must be regulated the same way. Likewise, a person can gain exposure to a <span class=\"match\">crypto</span> asset by purchasing the <span class=\"match\">crypto</span> asset itself, purchasing shares in a firm that holds the <span class=\"match\">crypto</span> asset, or by purchasing <span class=\"match\">crypto</span> asset futures, each of which has distinct regulatory consequences. The same is true in the context of event contracts and casino-style gambling products. \n Based on this interpretation and to address the concerns"},{"title":"Protection of Clearing Member Funds Held by Derivatives Clearing Organizations","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (CFTC or Commission) is proposing regulations to ensure clearing member funds and assets receive the proper treatment in the event the derivatives clearing organization (DCO) enters bankruptcy by requiring, among other things, that clearing member funds be segregated from the DCO's own funds and held in a depository that acknowledges in writing that the funds belong to clearing members, not the DCO. In addition, the Commission is proposing to permit DCOs to hold customer and clearing member funds at foreign central banks subject to certain requirements. Finally, the Commission is proposing to require DCOs to conduct a daily calculation and reconciliation of the amount of funds owed to customers and clearing members and the amount actually held for customers and clearing members.","document_number":"2023-28767","html_url":"https://www.federalregister.gov/documents/2024/01/03/2023-28767/protection-of-clearing-member-funds-held-by-derivatives-clearing-organizations","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-01-03/pdf/2023-28767.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-28767.pdf?1704203114","publication_date":"2024-01-03","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"orney%20General%20Pursuant%20to%20Section.pdf, \n (Sept. 6, 2022).\n \n \n \n \n 14 \n  Wall Street Journal, “Hamas Needed a New Way to Get Money From Iran. It Turned to <span class=\"match\">Crypto</span>,” \n https://www.wsj.com/world/middle-east/hamas-needed-a-new-way-to-get-money-from-iran-it-turned-to-<span class=\"match\">crypto</span>-739619aa?mg=prod/com-wsj, \n (Nov. 12, 2023). The CFTC has brought enforcement actions against two spot <span class=\"match\">crypto</span> exchanges, BitMEX and Binance, for failing to follow AML controls. Our action against Binance found that instead of implementing those controls, Binance turned a blind"},{"title":"Real-Time Public Reporting Requirements and Swap Data Recordkeeping and Reporting Requirements","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (the \"Commission\" or the \"CFTC\") is proposing revisions to part 43 and part 45 of the Commission's regulations to: allow for continued geographic masking after the designation of the unique product identifier and product classification system (\"UPI\") for swaps in the other commodity asset class; implement conforming changes in connection with the geographic masking requirement; add reportable data fields to appendix A to part 43 and appendix 1 to part 45 that promote international harmonization and further the Commission's surveillance and analysis activities; and implement non-substantive revisions to the descriptions of the existing reportable data elements in such appendices.","document_number":"2023-28350","html_url":"https://www.federalregister.gov/documents/2023/12/28/2023-28350/real-time-public-reporting-requirements-and-swap-data-recordkeeping-and-reporting-requirements","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-12-28/pdf/2023-28350.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-28350.pdf?1703684717","publication_date":"2023-12-28","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"Finally, the proposed “<span class=\"match\">Crypto</span> asset underlying indicator” data element \n 90 \n \n provides for the identification of derivative transaction underliers that include <span class=\"match\">crypto</span> assets. This data element is particularly important given the quickly-evolving market for <span class=\"match\">crypto</span> assets and the current lack of standardization in the representation of swap transactions with <span class=\"match\">crypto</span> asset underliers.\n 91 \n \n The submission of this indicator will allow the Commission and the public to more easily identify those transactions that have <span class=\"match\">crypto</span> asset underliers, regardless"},{"title":"Further Definition of “Swap”-Inclusions","type":"Proposed Rule","abstract":"Consistent with its jurisdiction over swaps, the Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is proposing to further define the term \"swap\" to explicitly include event contracts, including those based on sports-, politics-, cultural-, and weather- related events (the \"Proposal\").","document_number":"2026-21377","html_url":"https://www.federalregister.gov/documents/2026/10/19/2026-21377/further-definition-of-swap-inclusions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-19/pdf/2026-21377.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-21377.pdf?1792154727","publication_date":"2026-10-19","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"evidence that such event contracts are, in fact, commonly known to the trade as swaps, satisfying prong (iv).\n 60 \n \n \n \n \n 57 \n  \n Susquehanna Starts Trading Desk for Event Contracts on Kalshi, \n Bloomberg Law (Apr. 3, 2024), available at \n https://news.bloomberglaw.com/<span class=\"match\">crypto</span>/susquehanna-starts-trading-desk-for-event-contracts-on-kalshi; Citadel Securities Looks at Prediction Markets as Trading Scales, \n Bloomberg (Apr. 16, 2026), \n https://www.bloomberg.com/news/articles/2026-04-16/citadel-securities-looks-at-prediction-markets-as-trading-scales"},{"title":"Risk Management Program Regulations for Swap Dealers, Major Swap Participants, and Futures Commission Merchants","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (CFTC or Commission) is issuing this Advance Notice of Proposed Rulemaking (ANPRM or Notice) and seeking public comment regarding potential regulatory amendments under the Commodity Exchange Act governing the risk management programs of swap dealers, major swap participants, and futures commission merchants. In particular, the Commission is seeking information and public comment on several issues stemming from the adoption of certain risk management programs, including the governance and structure of such programs, the enumerated risks these programs must monitor and manage, and the specific risk considerations they must take into account; the Commission further seeks comment on how the related periodic risk reporting regime could be altered or improved. The Commission intends to use the information and comments received from this Notice to inform potential future agency action, such as a rulemaking, with respect to risk management.","document_number":"2023-15056","html_url":"https://www.federalregister.gov/documents/2023/07/18/2023-15056/risk-management-program-regulations-for-swap-dealers-major-swap-participants-and-futures-commission","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-07-18/pdf/2023-15056.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-15056.pdf?1689597916","publication_date":"2023-07-18","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"regulatory agencies issued a recent joint statement outlining numerous “key risks” associated with bank involvement in the <span class=\"match\">crypto</span>-asset sector.\n 15 \n \n I am interested in public comment on those key risks as they may apply specifically to the CFTC's regulated banks and brokers. About half of all CFTC-registered swap dealers are subject to some form of oversight by the prudential regulators.\n \n \n \n 15 \n  \n Joint Statement on <span class=\"match\">Crypto</span>-Asset Risks to Banking Organizations, \n Board of Governors of the Federal Reserve System, the Federal Deposit Insurance"},{"title":"Financial Data Transparency Act Joint Data Standards","type":"Rule","abstract":"The OCC, Board, FDIC, NCUA, CFPB, FHFA, CFTC, SEC, and Treasury are publishing a final joint rule to establish data standards to promote interoperability of financial regulatory data across these agencies. The standards established pursuant to this joint rule will later be considered for potential incorporation (to the extent feasible) into data standards to be adopted for certain collections of information in separate rulemakings by the agencies or through other actions taken by the agencies. At the effective date, the joint rule will not change any reporting requirements without further action by the agencies. The agencies are publishing this joint rule as required by the Financial Data Transparency Act of 2022.","document_number":"2026-12787","html_url":"https://www.federalregister.gov/documents/2026/06/25/2026-12787/financial-data-transparency-act-joint-data-standards","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-25/pdf/2026-12787.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12787.pdf?1782305111","publication_date":"2026-06-25","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"},{"raw_name":"NATIONAL CREDIT UNION ADMINISTRATION","name":"National Credit Union Administration","id":335,"url":"https://www.federalregister.gov/agencies/national-credit-union-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/335","parent_id":null,"slug":"national-credit-union-administration"},{"raw_name":"Consumer Financial Protection Bureau","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"},{"raw_name":"FEDERAL HOUSING FINANCE AGENCY","name":"Federal Housing Finance Agency","id":174,"url":"https://www.federalregister.gov/agencies/federal-housing-finance-agency","json_url":"https://www.federalregister.gov/api/v1/agencies/174","parent_id":null,"slug":"federal-housing-finance-agency"},{"raw_name":"COMMODITY FUTURES TRADING COMMISION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"levels of FIGI granularity.\n \n Commenters expressed varying views regarding the scope of FIGI's asset coverage. Certain commenters stated that FIGI offers global asset class coverage for nearly all asset classes, including for fixed income, currency futures, cryptocurrencies, <span class=\"match\">crypto</span> assets, indices, and commodity futures. Conversely, other commenters asserted that FIGIs are not sufficiently available for certain asset classes/financial instruments, such as loans and municipal bonds. Some commenters stated that FIGI provides real-time availability, while"},{"title":"Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers","type":"Rule","abstract":"The Commodity Futures Trading Commission (\"CFTC\") and the Securities and Exchange Commission (\"SEC\") (collectively, \"we\" or \"Commissions\") are adopting amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (\"CPO\") or commodity trading adviser (\"CTA\"). The amendments are designed to enhance the Financial Stability Oversight Council's (\"FSOC's\") ability to monitor systemic risk as well as bolster the SEC's regulatory oversight of private fund advisers and investor protection efforts. In connection with the amendments to Form PF, the SEC is amending a rule under the Investment Advisers Act of 1940 (\"Advisers Act\") to revise instructions for requesting a temporary hardship exemption.","document_number":"2024-03473","html_url":"https://www.federalregister.gov/documents/2024/03/12/2024-03473/form-pf-reporting-requirements-for-all-filers-and-large-hedge-fund-advisers","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-03-12/pdf/2024-03473.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-03473.pdf?1710161114","publication_date":"2024-03-12","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Asset Management, Annual Global <span class=\"match\">Crypto</span> Hedge Fund Report (2023), \n available at https://www.pwc.com/gx/en/news-room/press-releases/2023/pwc-2023-global-<span class=\"match\">crypto</span>-hedge-fund-report.htmlhttps://www.pwc.com/gx/en/news-room/press-releases/2023/pwc-2023-global-<span class=\"match\">crypto</span>-hedge-fund-report.html \n (concluding that almost a third of traditional hedge funds were investing in such assets in 2023, with average allocations of 7%, representing increases relative to 2021); AIMA, PWC &amp; Elwood Asset Management, 3rd Annual Global <span class=\"match\">Crypto</span> Hedge Fund Report (2021), \n available"},{"title":"Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts; Request for Comment","type":"Notice","abstract":"The Commodity Futures Trading Commission (the \"Commission\" or \"CFTC\") is issuing for public comment this proposed guidance regarding the listing for trading of voluntary carbon credit (\"VCC\") derivative contracts. Specifically, the Commission is proposing to issue guidance to outline factors that designated contract markets (\"DCMs\") should consider when addressing certain provisions of the Commodity Exchange Act (\"CEA\"), and CFTC regulations thereunder, that are relevant to the listing for trading of VCC derivative contracts. The Commission recognizes that VCC derivatives are a comparatively new and evolving class of products, and believes that guidance that outlines factors for a DCM to consider in connection with product design and listing may help to advance the standardization of such products in a manner that promotes transparency and liquidity. The Commission requests comment on this proposed guidance and further invites comment on specific questions related to the listing for trading of VCC derivative contracts.","document_number":"2023-28532","html_url":"https://www.federalregister.gov/documents/2023/12/27/2023-28532/commission-guidance-regarding-the-listing-of-voluntary-carbon-credit-derivative-contracts-request","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-12-27/pdf/2023-28532.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-28532.pdf?1703598331","publication_date":"2023-12-27","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"Markets (Oct. 5, 2023), \n https://www.cftc.gov/PressRoom/SpeechesTestimony/opajohnson7; \n Kristin Johnson, Commissioner, CFTC, Keynote Address at The Federal Reserve Bank of Atlanta: Policing the (Token) Economy: Introducing Corporate Governance and Market Structure Reforms in <span class=\"match\">Crypto</span> and Environmental Commodities Markets (Nov. 13, 2023), \n https://www.cftc.gov/PressRoom/SpeechesTestimony/opajohnson8; \n Kristin Johnson, Commissioner, CFTC, Keynote Address at The Federal Reserve Bank of Dallas: All Hat, No Cattle: The Need For Market Structure Reforms in"},{"title":"Commodity Pool Operators, Commodity Trading Advisors, and Commodity Pools: Updating the `Qualified Eligible Person' Definition; Adding Minimum Disclosure Requirements for Pools and Trading Programs; Permitting Monthly Account Statements for Funds of Funds; Technical Amendments","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (Commission or CFTC) is proposing amendments to certain provisions of its regulations that would: update the Portfolio Requirement thresholds within the \"Qualified Eligible Person\" definition; require commodity pool operators (CPOs) and commodity trading advisors (CTAs) operating pools and trading programs under the applicable Commission regulations to provide certain minimum disclosures to their prospective pool participants and advisory clients; include revisions that are consistent with long-standing Commission exemptive letters addressing the timing of certain pools' periodic financial reporting; and several technical amendments related to the structure of the regulations that are the subject of this proposal.","document_number":"2023-22324","html_url":"https://www.federalregister.gov/documents/2023/10/12/2023-22324/commodity-pool-operators-commodity-trading-advisors-and-commodity-pools-updating-the-qualified","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-10-12/pdf/2023-22324.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-22324.pdf?1697028325","publication_date":"2023-10-12","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"what was behind the <span class=\"match\">crypto</span> collapse?, The Times (May 22, 2023), \n available at https://www.thetimes.co.uk/money-mentor/article/is-bitcoin-crash-coming/#Why-is-bitcoin-so-volatile? \n (noting that bitcoin “has no underlying asset” and that “means that the movements in its price are solely based on speculation among investors about whether it will rise or fall in the future”); Nicole Lapin, Explaining <span class=\"match\">Crypto's</span> Volatility, Forbes (Dec. 23, 2021), \n available at https://www.forbes.com/sites/nicolelapin/2021/12/23/explaining-<span class=\"match\">cryptos</span>-volatility/?sh=1640938f7b54"},{"title":"Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (CFTC or Commission) is proposing to require that futures commission merchants, swap dealers, and major swap participants establish, document, implement, and maintain an Operational Resilience Framework reasonably designed to identify, monitor, manage, and assess risks relating to information and technology security, third-party relationships, and emergencies or other significant disruptions to normal business operations. The framework would include three components--an information and technology security program, a third-party relationship program, and a business continuity and disaster recovery plan--supported by broad requirements relating to governance, training, testing, and recordkeeping. The proposed rule would also require certain notifications to the Commission and customers or counterparties. The Commission is further proposing guidance relating to the management of risks stemming from third-party relationships.","document_number":"2023-28745","html_url":"https://www.federalregister.gov/documents/2024/01/24/2023-28745/operational-resilience-framework-for-futures-commission-merchants-swap-dealers-and-major-swap","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-01-24/pdf/2023-28745.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-28745.pdf?1706017512","publication_date":"2024-01-24","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"top threats to financial markets today given the “economic costs of such events can be immense . . . and could potentially undermine the integrity of global financial markets.” \n 40 \n \n IOSCO went further in their recommendations to the <span class=\"match\">crypto</span> industry earlier this year that “[r]egulators should require a [<span class=\"match\">crypto</span>-asset service provider] to put in place sufficient measures to address cyber and system resiliency.” \n 41 \n \n \n \n \n 38 \n  Financial Stability Oversight Council, 2002 Annual Report, at 37 (Dec. 16, 2022), \n https://home.treasury.gov/syst"},{"title":"Order Granting Conditional Substituted Compliance in Connection With Certain Capital and Financial Reporting Requirements Applicable to Nonbank Swap Dealers Subject to Regulation by the Financial Services Agency of Japan","type":"Rule","abstract":"On August 8, 2022, the Commodity Futures Trading Commission issued a notice and request for comment on an application submitted by the Financial Services Agency of Japan requesting that the Commission determine that registered nonbank swap dealers organized and domiciled in Japan may comply with certain capital and financial reporting requirements under the Commodity Exchange Act and Commission regulations by being subject to, and complying with, corresponding capital and financial reporting requirements of Japan. The Commission also solicited public comment on a proposed comparability determination and related order providing for the conditional availability of substituted compliance in connection with the application. The Commission is adopting the proposed order with certain modifications and clarifications to address comments. The final order provides that a nonbank swap dealer organized and domiciled in Japan may satisfy the capital requirements under the Commodity Exchange Act and applicable Commission regulations and the financial reporting rules under the Commodity Exchange Act and applicable Commission regulations by complying with certain specified Japanese laws and regulations and conditions set forth in the order.","document_number":"2024-15092","html_url":"https://www.federalregister.gov/documents/2024/07/18/2024-15092/order-granting-conditional-substituted-compliance-in-connection-with-certain-capital-and-financial","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-07-18/pdf/2024-15092.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-15092.pdf?1721220314","publication_date":"2024-07-18","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"nonbank SD's calculation of market risk and counterparty credit risk, respectively, that is incorporated into the firm's calculation of its risk-weighted assets. Form 1-3 details market risk by asset class (\n e.g., \n equity, interest rate, foreign exchange, commodity, and <span class=\"match\">crypto</span> assets) and contract type (\n e.g., \n spot transactions or forward transactions). Form 1-4 details counterparty credit risk by transaction type (\n e.g., \n foreign exchange, interest rates, and equity). Form 1-2 details the deductions that a Japanese nonbank SD must take in"},{"title":"Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (\"CFTC\") and the Securities and Exchange Commission (\"SEC\") (collectively, \"we\" or the \"Commissions\") are proposing to amend Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (\"CPO\") or commodity trading adviser (\"CTA\"). The amendments are designed to enhance the Financial Stability Oversight Council's (\"FSOC's\") ability to monitor systemic risk as well as bolster the SEC's regulatory oversight of private fund advisers and investor protection efforts. In connection with the amendments to Form PF, the SEC proposes to amend a rule under the Investment Advisers Act of 1940 (the \"Advisers Act\") to revise instructions for requesting a temporary hardship exemption. We also are soliciting comment on the proposed rules and a number of alternatives, including whether certain possible changes to the proposal should apply to Form ADV.","document_number":"2022-17724","html_url":"https://www.federalregister.gov/documents/2022/09/01/2022-17724/form-pf-reporting-requirements-for-all-filers-and-large-hedge-fund-advisers","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-09-01/pdf/2022-17724.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-17724.pdf?1661968887","publication_date":"2022-09-01","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"in Bitcoin's price, which some speculate may be driven in part by hedge fund investments. \n See \n Brettell, Karen and Chavez-Dreyfuss, <span class=\"match\">Crypto</span> market cap surges above $1 trillion for first time, \n Reuters \n (January 2021) \n available at https://www.reuters.com/world/china/<span class=\"match\">crypto</span>-market-cap-surges-above-1-trillion-first-time-2021-01-07/. \n \n \n \n \n 180 \n  \n See \n C. Williamson, Managers Taking Bigger Steps Into <span class=\"match\">Crypto</span>, \n Pensions&amp;Investments \n (March 2022) \n available at https://www.pionline.com/cryptocurrency/hedge-fund-managers-taking-bigger-steps-cryptocurrency"},{"title":"Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is proposing to amend its regulations governing the types of investments that futures commission merchants (\"FCMs\") and derivatives clearing organizations may make with funds held for the benefit of customers trading futures, foreign futures, and cleared swap transactions. The Commission is also specifying market risk capital charges that an FCM would be required to take on the revised permitted investments in computing the firm's adjusted net capital. The proposed amendments would also amend regulations that require each FCM to report to the Commission and to the firm's designated self-regulatory organization the name, location, and amount of customer funds held by each depository, including any investments of customer funds held by the depository. Lastly, the Commission is proposing to revise its regulations to eliminate the requirement that a depository holding customer funds must provide the Commission with read-only electronic access to such accounts for the FCM to treat the funds held in the accounts as customer segregated fund accounts.","document_number":"2023-24774","html_url":"https://www.federalregister.gov/documents/2023/11/21/2023-24774/investment-of-customer-funds-by-futures-commission-merchants-and-derivatives-clearing-organizations","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-11-21/pdf/2023-24774.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-24774.pdf?1700487918","publication_date":"2023-11-21","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"federal courtroom in the Southern District of New York, jurors found Sam Bankman-Fried, former chief executive officer (CEO) of FTX, guilty of misappropriating and embezzling billions of dollars in customer funds deposited with and held in the custody by FTX in connection with <span class=\"match\">crypto</span>-trading transactions at FTX.\n \n \n \n 1 \n  FTX Demonstrates Need for More Oversight: CFTC's Johnson (Bloomberg TV Nov. 9, 2022), \n https://www.bloomberg.com/news/videos/2022-11-09/ftx-demonstrates-need-for-more-oversight-cftc-s-johnson. \n \n \n An ounce of prevention is worth"},{"title":"Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is proposing new rules and amendments to its existing regulations for designated contract markets (\"DCMs\") and swap execution facilities (\"SEFs\") that would establish governance and fitness requirements with respect to market regulation functions, as well as related conflict of interest standards. The proposed new rules and amendments include minimum fitness standards, requirements for identifying, managing, and resolving conflicts of interest, and structural governance requirements to ensure that SEF and DCM governing bodies adequately incorporate an independent perspective. The proposal also address requirements relating to the following: composition requirements for board of directors and disciplinary panels; limitations on the use and disclosure by employees and certain others of material non-public information; requirements relating to Chief Regulatory Officers, Chief Compliance Officers, and Regulatory Oversight Committees; and notification of certain changes in the ownership or corporate or organizational structure of a SEF or DCM.","document_number":"2024-04938","html_url":"https://www.federalregister.gov/documents/2024/03/19/2024-04938/requirements-for-designated-contract-markets-and-swap-execution-facilities-regarding-governance-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-03-19/pdf/2024-04938.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-04938.pdf?1710765911","publication_date":"2024-03-19","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"Johnson, Keynote Address at Digital Assets @Duke Conference (Jan. 26, 2023), \n https://www.cftc.gov/PressRoom/SpeechesTestimony/opajohnson2; \n Commissioner Kristin N. Johnson, Statement Calling for the CFTC to Initiate a Rulemaking Process for CFTC Registered DCOs Engaged in <span class=\"match\">Crypto</span> or Digital Asset Clearing Activities (May 30, 2023), \n \n https://\n \n www.cftc.gov/PressRoom/SpeechesTestimony/johnsonstatement053023;\n \n Commissioner Kristin N. Johnson, Keynote Speech at the Salzburg Global Finance Forum (June 29, 2023), \n https://www.cftc.gov/PressRoom"}]}