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The U.S. Commodity Futures Trading Commission is moving to draft its first formal rules for the cryptocurrency market, The Wall Street Journal reported. The CFTC is pursuing “Regulation Crypto Asset Transactions” and “Regulation Crypto Asset Markets,” in what was described as a shift away from an enforcement-led approach to individual cases and toward a clearer regulatory framework. Specific details have not yet been disclosed, and the proposals have not been finalized as formal rules.