{"id":1618,"date":"2026-06-11T03:45:17","date_gmt":"2026-06-10T22:15:17","guid":{"rendered":"https:\/\/stnews.live\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program-2\/"},"modified":"2026-06-11T03:56:39","modified_gmt":"2026-06-10T22:26:39","slug":"cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program","status":"publish","type":"post","link":"https:\/\/stnews.live\/ja\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/","title":{"rendered":"CFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306e\u89e3\u8aac\uff1a2026\u5e74\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3068\u30d1\u30a4\u30ed\u30c3\u30c8\u30d7\u30ed\u30b0\u30e9\u30e0"},"content":{"rendered":"&#8220;`html\n\n<p class=\"has-small-font-size\" 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2026\u5e74\u3001CFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306e\u72b6\u6cc1\u306f\u65b0\u305f\u306a\u6bb5\u968e\u306b\u5165\u308a\u307e\u3059\u3002\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u3064\u3044\u306b\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u306e\u62c5\u4fdd\u3092\u660e\u78ba\u306b\u3057\u3001\u5e74\u9593\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u53d6\u5f15\u91cf\u306f7.5\u5146\u30c9\u30eb\u306b\u9054\u3057\u3066\u3044\u307e\u3059\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u66f4\u65b0\u3055\u308c\u305f\u30eb\u30fc\u30eb\u306f\u3001\u3069\u306e\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u304c\u62c5\u4fdd\u3068\u3057\u3066\u9069\u683c\u3067\u3042\u308b\u304b\u3092\u6b63\u78ba\u306b\u6307\u5b9a\u3057\u3001\u5546\u54c1\u3068\u8a3c\u5238\u306e\u9593\u306b\u660e\u78ba\u306a\u7dda\u3092\u5f15\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<p>CFTC\u3068SEC\u306e\u5171\u540c\u306e\u884c\u52d5\u306f\u3001\u6a5f\u95a2\u306b\u3088\u308a\u591a\u304f\u306e\u78ba\u5b9f\u6027\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u9069\u683c\u6027\u30eb\u30fc\u30eb\u3001\u5831\u544a\u8981\u4ef6\u3001\u8cc7\u672c\u30c1\u30e3\u30fc\u30b8\u304c\u8a73\u7d30\u306aFAQ\u3084\u516c\u5f0f\u306e\u30b9\u30bf\u30c3\u30d5\u30ec\u30bf\u30fc\u3092\u901a\u3058\u3066\u660e\u78ba\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<p>1974\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305f\u5546\u54c1\u5148\u7269\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08CFTC\uff09\u306f\u3001\u7c73\u56fd\u306e\u5148\u7269\u304a\u3088\u3073\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u6a5f\u95a2\u3068\u3057\u3066\u5b58\u5728\u3057\u3066\u3044\u307e\u3059\u3002\u73fe\u5728\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u3092\u76e3\u7763\u3057\u3066\u3044\u307e\u3059\uff08Merkle Science\u306b\u3088\u308b\uff09\u3002\u305d\u306e\u6a29\u9650\u306f\u5546\u54c1\u53d6\u5f15\u6cd5\u306b\u7531\u6765\u3057\u30011\u3064\u306e\u91cd\u8981\u306a\u4f7f\u547d\u306b\u96c6\u4e2d\u3057\u3066\u3044\u307e\u3059: \u5e02\u5834\u306e\u60aa\u7528\u3084\u8a50\u6b3a\u3092\u9632\u304e\u3001\u53d6\u5f15\u304c\u6d41\u52d5\u7684\u304b\u3064\u79e9\u5e8f\u3042\u308b\u3082\u306e\u3068\u306a\u308b\u3088\u3046\u306b\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n<p>Morgan Lewis\u304c\u6307\u6458\u3059\u308b\u3088\u3046\u306b\u3001<a href=\"https:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/opamcginley1\" rel=\"nofollow noopener\">CFTC<\/a>\u306f\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3084\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u5148\u7269\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\u306e\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306e\u4e3b\u8981\u306a\u898f\u5236\u6a5f\u95a2\u3068\u3057\u3066\u6a5f\u80fd\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u88fd\u54c1\u3092\u4e0a\u5834\u3059\u308b\u5404\u53d6\u5f15\u6240\u306f\u3001CFTC\u304c\u8a2d\u5b9a\u3057\u305f\u53b3\u683c\u306a\u5831\u544a\u3001\u53b3\u3057\u3044\u958b\u793a\u57fa\u6e96\u3001\u304a\u3088\u3073\u5805\u7262\u306a\u30ea\u30b9\u30af\u7ba1\u7406\u57fa\u6e96\u3092\u6e80\u305f\u3055\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n<p>\u6570\u5341\u5104\u30c9\u30eb\u304c\u3053\u308c\u3089\u306e\u5e02\u5834\u3092\u901a\u3058\u3066\u65e5\u3005\u6d41\u308c\u3066\u3044\u307e\u3059\u2014\u3053\u306e\u30dc\u30ea\u30e5\u30fc\u30e0\u306f\u3001Morgan Lewis\u306b\u3088\u308b\u3068\u3001\u3059\u3079\u3066\u306e\u53d6\u5f15\u6226\u7565\u304cCFTC\u306b\u3088\u3063\u3066\u8ab2\u305b\u3089\u308c\u305f\u8cc7\u672c\u8981\u4ef6\u306e\u4e0b\u306b\u7f6e\u304b\u308c\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<a href=\"https:\/\/www.sec.gov\/cgi-bin\/browse-edgar?action=getcompany&amp;CIK=0001679788&amp;type=8-K\" rel=\"nofollow noopener\">SEC<\/a>\u304c\u3044\u304f\u3064\u304b\u306e\u30c8\u30fc\u30af\u30f3\u306b\u5bfe\u3059\u308b\u6a29\u9650\u3092\u4e3b\u5f35\u3057\u7d9a\u3051\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u898f\u5236\u306e\u660e\u78ba\u3055\u306f\u901a\u5e38\u3001SEC-CFTC\u306e\u5171\u540c\u89e3\u91c8\u30ea\u30ea\u30fc\u30b9\u3084\u30ce\u30fc\u30a2\u30af\u30b7\u30e7\u30f3\u30ec\u30bf\u30fc\u3092\u901a\u3058\u3066\u9054\u6210\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u6cd5\u7684\u30ea\u30ea\u30fc\u30b9\u306f\u3001\u3069\u306e\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u304c\u4e0a\u5834\u3055\u308c\u308b\u304b\u3092\u5b9a\u7fa9\u3057\u3001\u3059\u3079\u3066\u306e\u53d6\u5f15\u6240\u304c\u5f93\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u30de\u30fc\u30b8\u30f3\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u8a2d\u5b9a\u3057\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u4f01\u696d\u306f\u4e21\u6a5f\u95a2\u306e\u91cd\u8907\u3059\u308b\u57fa\u6e96\u3092\u8abf\u6574\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u305a\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3092\u9054\u6210\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u2014\u898f\u5236\u306e\u8abf\u548c\u306f\u9032\u5c55\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u4fdd\u8a3c\u3055\u308c\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">\u6700\u8fd1\u306eCFTC\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u8aac\u660e<\/h2>\n\n\n<p>CFTC\u306e\u5e02\u5834\u53c2\u52a0\u8005\u90e8\u9580\uff08MPD\uff09\u3068\u30af\u30ea\u30a2\u30ea\u30f3\u30b0\u304a\u3088\u3073\u30ea\u30b9\u30af\u90e8\u9580\uff08DCR\uff09\u306f\u30012026\u5e743\u670820\u65e5\u306b\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306b\u95a2\u3059\u308b11\u306eFAQ\u306b\u5bfe\u3059\u308b\u56de\u7b54\u3092\u767a\u8868\u3057\u307e\u3057\u305f\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u3053\u306e\u52d5\u304d\u306f\u3001\u7c73\u56fd\u306b\u3068\u3063\u3066\u6700\u3082\u5305\u62ec\u7684\u306a\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3092\u63d0\u4f9b\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n<p>2026\u5e743\u6708\u306eFAQ\u306f\u3001\u300c\u975e\u8a3c\u5238\u300d\u3068\u3055\u308c\u308b\u6697\u53f7\u2014\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3001\u30a4\u30fc\u30b5\u3001\u7279\u5b9a\u306e\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3001\u304a\u3088\u3073\u4e00\u90e8\u306e\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u30de\u30cd\u30fc\u30de\u30fc\u30b1\u30c3\u30c8\u30d5\u30a1\u30f3\u30c9\u306e\u307f\u304c\u3001CFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306b\u5fc5\u8981\u306a\u62c5\u4fdd\u3068\u3057\u3066\u9069\u683c\u3067\u3042\u308b\u3053\u3068\u3092\u660e\u78ba\u306b\u3057\u3066\u3044\u307e\u3059\u3002FCM\u306f\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u62c5\u4fdd\u306e\u8a55\u4fa1\u6642\u306b\u30ea\u30b9\u30af\u30d9\u30fc\u30b9\u306e\u30d8\u30a2\u30ab\u30c3\u30c8\u3092\u4f7f\u7528\u3057\u3001\u5404\u63aa\u7f6e\u3092\u8a73\u7d30\u306b\u8aac\u660e\u3057\u305f\u96fb\u5b50\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u901a\u77e5\u3092MPD\u306b\u63d0\u51fa\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n<p>\u3053\u306e\u62e1\u5f35\u3055\u308c\u305f\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u3001\u30c7\u30b8\u30bf\u30eb\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306e\u30ea\u30b9\u30af\u304a\u3088\u3073\u8cc7\u672c\u30eb\u30fc\u30eb\u3092\u8abf\u6574\u3057\u305f2026\u5e741\u6708\u306eSEC-CFTC\u8abf\u548c\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\uff08Latham &amp; Watkins\u306b\u3088\u308b\uff09\u3002\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u8abf\u6574\u3059\u308b\u3053\u3068\u306b\u3088\u308a\u3001\u4e3b\u8981\u306a\u6a5f\u95a2\u306f\u898f\u5236\u306e\u4e0d\u78ba\u5b9f\u6027\u3092\u6e1b\u5c11\u3055\u305b\u3066\u3044\u307e\u3059\u3002\u30a2\u30ca\u30ea\u30b9\u30c8\u306b\u3088\u308b\u3068\u3001\u3053\u306e\u660e\u78ba\u3055\u306f\u5e02\u5834\u306e\u5b89\u5b9a\u6027\u306b\u5411\u3051\u305f\u5927\u304d\u306a\u524d\u9032\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">CFTC\u898f\u5236\u4e0b\u306e\u30c8\u30fc\u30af\u30f3\u5316\u62c5\u4fdd\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u8981\u70b9<\/h2>\n\n\n<p>CFTC\u30b9\u30bf\u30c3\u30d5\u30ec\u30bf\u30fc25-39\u306f\u30012025\u5e7412\u6708\u306b\u767a\u8868\u3055\u308c\u30012026\u5e74\u521d\u982d\u306b\u30b9\u30bf\u30c3\u30d5\u30ec\u30bf\u30fc26-05\u306b\u66f4\u65b0\u3055\u308c\u3001\u30c7\u30b8\u30bf\u30eb\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306b\u304a\u3051\u308b\u30c8\u30fc\u30af\u30f3\u5316\u62c5\u4fdd\u306b\u5bfe\u3059\u308b\u53b3\u683c\u306a\u8981\u4ef6\u3092\u3082\u305f\u3089\u3057\u307e\u3057\u305f\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u30b9\u30bf\u30c3\u30d5\u30ec\u30bf\u30fc\u306f\u3001\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3001\u30a4\u30fc\u30b5\u3001\u304a\u3088\u3073\u9078\u629e\u3055\u308c\u305f\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u30de\u30cd\u30fc\u30de\u30fc\u30b1\u30c3\u30c8\u30d5\u30a1\u30f3\u30c9\u304c\u3059\u3079\u3066\u62c5\u4fdd\u3068\u3057\u3066\u9069\u683c\u3067\u3042\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u307e\u3057\u305f\u304c\u3001CFTC\u306e\u53b3\u3057\u3044\u30c6\u30b9\u30c8\u306b\u5408\u683c\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n<p>\u62c5\u4fdd\u3068\u3057\u3066\u53d7\u3051\u5165\u308c\u3089\u308c\u308b\u3059\u3079\u3066\u306e\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u306f\u30ea\u30b9\u30af\u30d9\u30fc\u30b9\u306e\u30d8\u30a2\u30ab\u30c3\u30c8\u306e\u5bfe\u8c61\u3068\u306a\u308a\u3001\u305d\u306e\u4fa1\u5024\u306f\u5909\u52d5\u306b\u5bfe\u3059\u308b\u30af\u30c3\u30b7\u30e7\u30f3\u3092\u52a9\u3051\u308b\u305f\u3081\u306b\u6e1b\u5c11\u3057\u307e\u3059\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u30b9\u30bf\u30c3\u30d5\u30ec\u30bf\u30fc26-05\u3092\u4f7f\u7528\u3059\u308b\u524d\u306b\u3001FCM\u306fMPD\u306b\u96fb\u5b50\u7684\u306b\u63d0\u51fa\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002FCM\u304c\u72ec\u81ea\u306e\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u4f7f\u7528\u3059\u308b\u5834\u5408\u3001\u6700\u4f4e2%\u306e\u8cc7\u672c\u30c1\u30e3\u30fc\u30b8\u304c\u8ab2\u305b\u3089\u308c\u307e\u3059\u3002\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u304a\u3088\u3073\u30a4\u30fc\u30b5\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u306f\u3001CFTC\u898f\u52361.17(c)(5)(ii)\u306b\u57fa\u3065\u304d\u3001\u4fa1\u683c\u5909\u52d5\u304c\u5927\u304d\u3044\u305f\u3081\u300120%\u306e\u6700\u4f4e\u8cc7\u672c\u30c1\u30e3\u30fc\u30b8\u304c\u8ab2\u305b\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">\u30de\u30fc\u30b8\u30f3\u3068\u3057\u3066\u306e\u975e\u8a3c\u5238\u6697\u53f7: CFTC\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306e\u8aac\u660e<\/h2>\n\n\n<p>2026\u5e74\u521d\u982d\u304b\u3089\u3001\u30b9\u30bf\u30c3\u30d5\u30ec\u30bf\u30fc26-05\u306b\u6e96\u62e0\u3059\u308bFCM\u306f\u3001\u9867\u5ba2\u306e\u975e\u8a3c\u5238\u6697\u53f7\u2014\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3084\u30a4\u30fc\u30b5\u306a\u3069\u2014\u3092\u30de\u30fc\u30b8\u30f3\u3068\u3057\u3066\u3001\u30d8\u30a2\u30ab\u30c3\u30c8\u5f8c\u306e\u30a2\u30ab\u30a6\u30f3\u30c8\u306e\u8d64\u5b57\u3092\u30ab\u30d0\u30fc\u3059\u308b\u305f\u3081\u306b\u30ab\u30a6\u30f3\u30c8\u3067\u304d\u307e\u3059\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002<\/p>\n\n\n<p>FCM\u306f\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u3092\u62c5\u4fdd\u3068\u3057\u3066\u6271\u3046\u524d\u306b\u3001MPD\u306b\u96fb\u5b50\u7684\u306b\u901a\u77e5\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u975e\u8a3c\u5238\u6697\u53f7\u3092\u30de\u30fc\u30b8\u30f3\u3068\u3057\u3066\u53d7\u3051\u5165\u308c\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306f\u73fe\u91d1\u3084\u56fd\u50b5\u3060\u3051\u3067\u306a\u304f\u3001\u3088\u308a\u67d4\u8edf\u306b\u30de\u30fc\u30b8\u30f3\u3092\u6700\u9069\u5316\u3067\u304d\u307e\u3059\u3002\u6700\u4f4e\u8cc7\u672c\u30c1\u30e3\u30fc\u30b8\u306f\u5909\u66f4\u3055\u308c\u307e\u305b\u3093: \u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f2%\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3068\u30a4\u30fc\u30b5\u306f20%\u3067\u3059\u3002<\/p>\n\n<blockquote class=\"twitter-tweet\"><p dir=\"ltr\" lang=\"en\">Kraken\u306e\u89aa\u4f1a\u793e<a href=\"https:\/\/x.com\/Payward?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Payward<\/a>\u304c\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u5411\u3051\u306b\u69cb\u7bc9\u3055\u308c\u305f\u7c73\u56fd\u521d\u306e\u5b8c\u5168\u306aCFTC\u30e9\u30a4\u30bb\u30f3\u30b9\u3092\u6301\u3064\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u4f1a\u793e<a href=\"https:\/\/x.com\/Bitnomial?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Bitnomial<\/a>\u3092\u8cb7\u53ce\u3057\u3066\u3044\u307e\u3059\u3002\u6697\u53f7\u306e\u305f\u3081\u306b\u30bc\u30ed\u304b\u3089\u69cb\u7bc9\u3055\u308c\u307e\u3057\u305f\u3002<br \/><br \/>\u30b9\u30dd\u30c3\u30c8\u30de\u30fc\u30b8\u30f3\u3001\u30d1\u30fc\u30da\u30c1\u30e5\u30a2\u30eb\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u304cCFTC\u898f\u5236\u306e\u4e0b\u3067Kraken\u306b\u767b\u5834\u3057\u307e\u3059\u3002<a href=\"https:\/\/t.co\/IBLotDkqQF\" rel=\"nofollow noopener\">https:\/\/t.co\/IBLotDkqQF<\/a><\/p>\u2014 Kraken (@krakenfx) <a href=\"https:\/\/x.com\/krakenfx\/status\/2045123327576965252?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">2026\u5e744\u670817\u65e5<\/a><\/blockquote>\n\n\n\n<p>\u3053\u306e\u898f\u5236\u306e\u5909\u5316\u306f\u3001\u6a5f\u95a2\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3088\u308a\u591a\u304f\u306e\u9078\u629e\u80a2\u3092\u63d0\u4f9b\u3057\u3001\u4e3b\u8981\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\u304c\u30c7\u30b8\u30bf\u30eb\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306e\u6d41\u52d5\u6027\u3092\u9ad8\u3081\u308b\u3053\u3068\u3092\u53ef\u80fd\u306b\u3057\u307e\u3059\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u8ffd\u52a0\u306e\u6697\u53f7\u8cc7\u7523\u304c\u30de\u30fc\u30b8\u30f3\u9069\u683c\u3068\u306a\u308b\u304b\u3069\u3046\u304b\u306f\u3001\u30d1\u30a4\u30ed\u30c3\u30c8\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u7d50\u679c\u3068\u3001\u4ef2\u4ecb\u8005\u304cCFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306b\u5f93\u3046\u7a0b\u5ea6\u306b\u4f9d\u5b58\u3057\u307e\u3059\u3002<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u62c5\u4fdd\u306e\u305f\u3081\u306e\u30d1\u30a4\u30ed\u30c3\u30c8\u30d7\u30ed\u30b0\u30e9\u30e0: CFTC\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236<\/h2>\n\n\n<p>2026\u5e74\u6625\u3001CFTC\u306f\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u62c5\u4fdd\u30ce\u30fc\u30a2\u30af\u30b7\u30e7\u30f3\u30ec\u30bf\u30fc\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u9078\u629e\u3055\u308c\u305f\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\uff08\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3001\u30a4\u30fc\u30b5\uff09\u3092\u30de\u30fc\u30b8\u30f3\u3068\u3057\u3066\u53d7\u3051\u5165\u308c\u308b\u305f\u3081\u306e3\u304b\u6708\u9593\u306e\u30d1\u30a4\u30ed\u30c3\u30c8\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\uff08Morgan Lewis\u306b\u3088\u308b\uff09\u3002\u672c\u5f53\u306e\u76ee\u6a19\u306f\u30b9\u30c8\u30ec\u30b9\u30c6\u30b9\u30c8\u3067\u3059: \u30ea\u30b9\u30af\u3001\u904b\u7528\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u30d7\u30ed\u30c8\u30b3\u30eb\u304c\u9032\u5316\u3059\u308bCFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306e\u4e0b\u3067\u306e\u5e83\u7bc4\u306a\u63a1\u7528\u524d\u306b\u6301\u3061\u3053\u305f\u3048\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u3067\u3059\u3002<\/p>\n\n\n<p>\u30d1\u30a4\u30ed\u30c3\u30c8\u306b\u53c2\u52a0\u3059\u308bFCM\u306f\u300124\u6642\u9593\u4f53\u5236\u3067\u306e\u652f\u6255\u3044\u80fd\u529b\u3068\u6d41\u52d5\u6027\u306e\u30b9\u30c8\u30ec\u30b9\u30c6\u30b9\u30c8\u3092\u884c\u3044\u3001\u904b\u7528\u306e\u5f37\u5316\u3092\u56f3\u308b\u305f\u3081\u306b\u81ea\u5df1\u898f\u5236\u56e3\u4f53\u3068\u5354\u529b\u3057\u3066\u3044\u307e\u3059\uff08CFTC\u306b\u3088\u308b\uff09\u3002\u6700\u3082\u5b89\u5b9a\u3057\u305f\u6d41\u52d5\u6027\u306e\u3042\u308b\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u306e\u307f\u304c\u3053\u306e\u57fa\u6e96\u3092\u6e80\u305f\u3057\u307e\u3059\u2014\u3064\u307e\u308a\u3001\u4e3b\u8981\u306a\u652f\u6255\u3044\u30b3\u30a4\u30f3\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3001\u30a4\u30fc\u30b5\u304c\u5f53\u9762\u306f\u8a31\u53ef\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">SEC\u3068CFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306b\u95a2\u3059\u308b\u89e3\u91c8\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af<\/h2>\n\n\n<p>2026\u5e743\u670817\u65e5\u3001SEC\u3068CFTC\u306f\u5171\u540c\u306e\u89e3\u91c8\u30ea\u30ea\u30fc\u30b9\u3092\u767a\u8868\u3057\u307e\u3057\u305f\uff08Latham &amp; Watkins\u306b\u3088\u308b\uff09\u3002<\/p>\n\n\n<p>\u3053\u306e\u30ea\u30ea\u30fc\u30b9\u306f\u3001\u8cc7\u7523\u304c\u3069\u306e\u3088\u3046\u306b\u5206\u985e\u3055\u308c\u308b\u304b\u3092\u8a73\u7d30\u306b\u8aac\u660e\u3057\u3066\u3044\u307e\u3059\u2014\u6295\u8cc7\u5951\u7d04\u30c6\u30b9\u30c8\u3001\u4e88\u60f3\u3055\u308c\u308b\u5229\u76ca\u3001\u4e2d\u592e\u96c6\u6a29\u7684\u306a\u7ba1\u7406\u306e\u5b58\u5728\u3092\u4f7f\u7528\u3057\u3066\u3044\u307e\u3059\uff08Latham &amp; Watkins\u306b\u3088\u308b\uff09\u3002<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">CFTC\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306b\u304a\u3051\u308b\u3088\u308a\u5e83\u7bc4\u306a\u6226\u7565\u7684\u76e3\u8996\u30a4\u30cb\u30b7\u30a2\u30c6\u30a3\u30d6<\/h2>\n\n\n<p>2026\u5e746\u67082\u65e5\u3001SEC\u306f2026\u20132030\u5e74\u306e\u30c9\u30e9\u30d5\u30c8\u6226\u7565\u8a08\u753b\u3092\u767a\u8868\u3057\u307e\u3057\u305f\uff08Latham &amp; Watkins\u306b\u3088\u308b\uff09\u3002<\/p>\n\n\n<p>\u3053\u306e\u30c9\u30e9\u30d5\u30c8\u8a08\u753b\u306f\u3001\u30b5\u30a4\u30d0\u30fc\u30ea\u30b9\u30af\u3001\u30b7\u30b9\u30c6\u30e0\u969c\u5bb3\u3001\u5206\u6563\u578b\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u5185\u306e\u72ec\u81ea\u306e\u65b0\u3057\u3044\u8106\u5f31\u6027\u306e\u76e3\u8996\u3092\u76ee\u6307\u3057\u3066\u3044\u307e\u3059\u3002\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u5e02\u5834\u306b\u5bfe\u3057\u3066\u9ad8\u3044\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u57fa\u6e96\u3092\u8a2d\u5b9a\u3057\u3066\u3044\u307e\u3059\uff08Latham &amp; Watkins\u306b\u3088\u308b\uff09\u3002\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3001\u76e3\u8996\u3001\u9867\u5ba2\u4fdd\u8b77\u306b\u5bfe\u3059\u308b\u3088\u308a\u5f37\u529b\u306a\u57fa\u6e96\u304c\u3001FCM\u3001\u30af\u30ea\u30a2\u30ea\u30f3\u30b0\u30cf\u30a6\u30b9\u3001\u305d\u306e\u4ed6\u306e\u5e02\u5834\u4ef2\u4ecb\u8005\u306b\u9069\u7528\u3055\u308c\u307e\u3059\u3002CFTC\u5bfeSEC: \u6697\u53f7\u306b\u304a\u3051\u308b\u898f\u5236\u306e\u91cd\u8907\u3092\u30ca\u30d3\u30b2\u30fc\u30c8\u3059\u308b&#8230;\u306b\u3088\u308b\u3068\u3001\u8fd1\u4ee3\u5316\u304c\u52a0\u901f\u3057\u3001\u5727\u529b\u304c\u9ad8\u307e\u308a\u3001SEC-CFTC\u306e\u898f\u5236\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u304c\u6a19\u6e96\u5316\u3055\u308c\u3064\u3064\u3042\u308a\u307e\u3059\u3002CFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u3068SEC\u306e\u76e3\u8996\u306e\u4e0b\u3067\u3001\u78ba\u5b9f\u306b\u7de0\u3081\u4ed8\u3051\u304c\u5f37\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n<blockquote class=\"twitter-tweet\"><p dir=\"ltr\" lang=\"en\">Kalshi\u306e\u30d1\u30fc\u30da\u30c1\u30e5\u30a2\u30eb\u30d4\u30dc\u30c3\u30c8: \u306a\u305c\u4e88\u6e2c\u5e02\u5834\u304c\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u53d6\u5f15\u6240\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u306e\u304b<br \/><br \/>2026\u5e745\u670829\u65e5\u306eKalshi\u306eBTCPERP\u306b\u5bfe\u3059\u308bCFTC\u306e\u627f\u8a8d\u306f\u3001\u898f\u5236\u3055\u308c\u305f\u6697\u53f7\u30d1\u30fc\u30da\u30c1\u30e5\u30a2\u30eb\u3078\u306e\u79fb\u884c\u3092\u793a\u3057\u30012025\u5e74\u306e\u30dc\u30ea\u30e5\u30fc\u30e0\u306f85.3\u5146\u30c9\u30eb\u3067\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\u3092\u56fd\u5185\u306b\u5f15\u304d\u5bc4\u305b\u3066\u3044\u307e\u3059\u3002<a href=\"https:\/\/t.co\/C3aJh6LNi9\" rel=\"nofollow noopener\">https:\/\/t.co\/C3aJh6LNi9<\/a><\/p>\u2014 Crypto Daily\u2122 (@cryptodailyuk) <a href=\"https:\/\/x.com\/cryptodailyuk\/status\/2060749190808932601?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">2026\u5e745\u670830\u65e5<\/a><\/blockquote>\n\n\n\n<p>\u7c73\u56fd\u306e\u898f\u5236\u300c\u6697\u53f7\u30b9\u30d7\u30ea\u30f3\u30c8\u300d\u306fCFTC\u306e\u6539\u9769\u3092\u7d9a\u3051\u3066\u304a\u308a\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u7acb\u3061\u4e0a\u3052\u308b\u4f01\u696d\u306f\u3001\u898f\u5236\u306e\u30d1\u30a4\u30ed\u30c3\u30c8\u3001\u6a5f\u95a2\u306e\u95a2\u4e0e\u3001\u30aa\u30f3\u30c1\u30a7\u30fc\u30f3\u306e\u9769\u65b0\u304c\u7d44\u307f\u5408\u308f\u3055\u3063\u3066\u672a\u6765\u3092\u5f62\u4f5c\u308b\u91cd\u8981\u306a\u77ac\u9593\u3092\u8fce\u3048\u3066\u3044\u307e\u3059\uff08Latham &amp; Watkins\u306b\u3088\u308b\uff09\u3002<\/p>\n\n\n<h3 class=\"wp-block-heading\">CFTC\u898f\u5236\u4e0b\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u88fd\u54c1\u306e\u7bc4","protected":false},"excerpt":{"rendered":"<p>CFTC\u306e\u6697\u53f7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u898f\u5236\u306b\u3064\u3044\u3066\u30012026\u5e74\u306e\u62c5\u4fdd\u898f\u5247\u3001\u30d1\u30a4\u30ed\u30c3\u30c8\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u8a73\u7d30\u3001SEC\u3068CFTC\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u542b\u3081\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002\u4eca\u3059\u3050\u898f\u5236\u306e\u67a0\u7d44\u307f\u3092\u7406\u89e3\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"CFTC crypto derivatives regulation explained","_yoast_wpseo_metadesc":"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. 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