U.S. CFTC Chair: The CFTC-proposed crypto regulatory framework aims to prevent FTX-style fraud and fund theft.

According to disclosures by U.S. CFTC Chairman Mike Selig on social media, the proposed crypto asset regulatory framework from the Commodity Futures Trading Commission (CFTC) will establish a federal regulatory framework aimed at protecting exchange customers from fraud, market manipulation, and customer fund thefts similar to those in the FTX incident.