Today’s crypto news centered on U.S. policy moves, with the CFTC outlining a plan to bring crypto exchanges under federal oversight and FinCEN withdrawing old wallet and mixer proposals. Markets were mixed: bitcoin hovered in the mid-$80,000s, ETFs saw outflows, and smaller altcoins outperformed. Solana also drew attention with a new institutional settlement standard.
CFTC advances a crypto exchange oversight framework
The CFTC said it plans to seek public input on a framework that would create a federal license for crypto exchanges, with leveraged activity as the trigger for oversight. The proposal drew pushback from Better Markets, which argued retail crypto should remain under SEC-style protections.
Sources: Decrypt, Cointelegraph, Decrypt
U.S. eases some self-custody and mixer surveillance pressure
FinCEN withdrew two long-running proposals that had targeted self-custodial wallets and crypto mixers, including a $10,000 reporting rule for transfers to private wallets and earlier surveillance ideas for unhosted wallets and mixers.
Bitcoin stays rangebound as ETF outflows return
Bitcoin traded around the mid-$80,000s after repeated rejection near $87,000, with one update putting it above $86,000 and another noting a pullback to about $85,600. U.S. spot bitcoin ETFs also recorded about $90 million in outflows after two days of inflows.
Sources: CoinDesk, CoinDesk, Cointelegraph