No matter how loud the regulators shout, I’ll wait and see how far they can actually go. On October 5, the CFTC began soliciting opinions on the regulatory path for retail crypto leveraged spot trading, including discussions about creating a dedicated registration category for crypto asset markets. The CFTC chairman also clarified that without authorization from Congress, they cannot require all crypto assets to be traded on CFTC-registered platforms. Folks, this is worth keeping an eye on, but saying exchanges have already gotten new licenses is premature.