What the CFTC’s 2026 prop language actually changes
Simulated evaluation shops are not FCMs. The language still matters for how US firms describe ‘funding’.
Isabel Hart · 2026-09-08
Industry
The tape around the shops.
Regulation language, payout rails, and the structure of the simulated-funding business.
Crypto props in 2026: perps, not spot, and USDC on a timer
Breakout, WenCrypto and Tradeify Crypto are not interchangeable with a Binance lead.
Isabel Hart · 2026-08-30