•Retail leveraged crypto trading framework: While DeFi is important, intermediation will continue to matter. He directs staff to (1) clarify when leveraged/margined retail commodity crypto transactions can occur off-exchange under an actual delivery exception, (2) codify
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•Retail leveraged crypto trading framework: While DeFi is important, intermediation will continue to matter. He directs staff to (1) clarify when leveraged/margined retail commodity crypto transactions can occur off-exchange under an actual delivery exception, (2) codify