[CFTC Chairman: Several Crypto Trading Platforms Intend to Be Included in Federal Regulatory Framework; Registered Platforms Expected to Add Spot Trading] BlockBeats reported on November 13th, citing CNBC, that Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that several large crypto trading platforms and new entrants intend to adopt the agency's proposed federal regulatory framework. Some large trading platforms are already registered with the CFTC for offering derivatives such as perpetual futures, and the proposed framework would allow them to further offer spot trading. Some new entrants hope to obtain licenses through a single federal regulatory agency, rather than meeting the regulatory requirements of individual states. After the CLARITY Act was blocked in the Senate in September, the CFTC and SEC began using their existing statutory authority to advance digital asset regulation. The CFTC issued a pre-comment notice on October 5th regarding a framework for retail crypto commodity trading. Selig stated that current law allows the CFTC to register platforms offering margin, leveraged, or financed commodity trading, and the relevant framework is still in the proposal stage. Regarding prediction markets, Selig reiterated that the CFTC believes it has exclusive regulatory authority over event trading contracts. In response to enforcement actions by some states that treat prediction markets as unlicensed gambling, he stated that the CFTC will take the jurisdictional dispute to the U.S. Supreme Court if necessary. [Original Link]