The United States Commodity Futures Trading Commission (CFTC) has turned its attention to how companies handle customer assets.
The recent CFTC proposal seeks to enhance the rules for futures commission merchants (FCMs) and derivative clearing organizations (DCOs). These companies are now required to invest customer funds in highly liquid assets. However, the revised rules do not account for LedgerX’s unique operational model.
Screenshot of CFTC’s proposed rule. Source: CFTC