CFTC Chair: Only Federally Regulated Platforms Can Offer Leveraged Crypto Trading; 100x Leverage Prohibited

According to CFTC Chair Michael Selig in a CNBC interview on October 7, only federally regulated crypto trading platforms can offer leveraged trading. "States can only provide money transmission services, and 100x leverage, common outside the U.S., has never been allowed in America and will not be permitted under the new rules," Selig stated.
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