Could American crypto traders finally get the same features available on offshore exchanges? CFTC Chair Mike Selig joins David Hoffman to unpack Reg CTX and Reg CAM, two proposed rules that could bring retail spot margin trading and a new federal framework for crypto exchanges to the US.
---
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
---
BANKLESS SPONSOR TOOLS:
🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK
https://bankless.cc/near2026
🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN
https://bankless.cc/ripio
🎯THE DEFI REPORT | ONCHAIN INSIGHTS
https://thedefireport.io/bankless
👑BANKLESS CONTENT MCP
https://www.bankless.com/premium
---
TIMESTAMPS
00:00 CFTC Chair Mike Selig Returns
03:09 Why Financial Markets Need Federal Regulation
11:13 Who Actually Regulates Spot Bitcoin?
17:27 The CFTC, FinCEN, and State Regulators
22:29 The New Crypto Regulatory Trilogy
27:16 Reg CTX: Bringing Margin Trading Onshore
29:22 Reg CAM: A New Federal Exchange Framework
31:11 The Problem with 50 State Licenses
35:11 What Retail Crypto Leverage Could Look Like
39:24 Ending the SEC and CFTC Turf War
42:58 The Risks of Combining Financial Businesses
54:04 What Other Products Could This Unlock?
56:35 Where the CFTC Gets Its Authority
1:01:05 Can These Rules Survive Without the CLARITY Act?
1:05:05 Prediction Markets and the Supreme Court
1:08:11 How the Crypto Industry Can Respond
---
RESOURCES
CFTC Chair Mike Selig
https://x.com/ChairmanSelig
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
You May Also Like

Tech Update | BNR
BNR Nieuwsradio

Mark Tilbury
Mark Tilbury Fan

Artificial Intelligence Masterclass
AI Masterclass

Darknet Diaries Deutsch
heise online

Jak Piggott
Jak Piggott

Jack Hopkins
Jack Hopkins

Mr. M Podcast | Maurizio Pedrazzoli Grazioli
Maurizio Pedrazzoli Grazioli

CISO Insights: Voices in Cybersecurity
CISO Marketplace

Engadget News + Next
Engadget

AI Unraveled: Latest AI News & Trends, ChatGPT, Gemini, DeepSeek, Gen AI, LLMs, Agents, Ethics, Bias
Etienne Noumen
Community discussion