[CFTC Chairman: Only Federally Regulated Crypto Trading Platforms Can Offer Leveraged Trading, But 100x Leverage Will Not Be Allowed] BlockBeats News, October 7, CFTC Chairman Michael Selig stated in an interview with CNBC yesterday that under the proposed rules, only federally regulated cryptocurrency trading platforms will be allowed to offer leveraged trading. 'States can only provide money transmission services, and the 100x leverage commonly seen outside the U.S. has never been allowed in the U.S., and this time will be no exception.' Previously, it was reported that the U.S. Commodity Futures Trading Commission (CFTC) proposed two new rules on Monday, aiming to establish a U.S. cryptocurrency regulatory framework under its authority to regulate leverage and margin trading, addressing the regulatory uncertainty left by Congress's failure to pass crypto legislation. [Original Link]