Key Takeaways SEC relief already covers qualifying tokenized stock trading venues. CFTC plans contemplate reserve verification and customer fund safeguards. Separate SEC custody changes would permit self-custody in certain cases. Two Federal Paths Target Trading and Crypto Custody Retail crypto traders could gain tailored protections under a federal initiative launched Oct. 5. The U.S. Commodity Futures Trading Commission (CFTC), the regulator of financial contracts tied to underlying assets, opened consultation on a national framework for retail crypto commodity transactions. The effort runs alongside U.S. Securities and Exchange Commission (SEC) measures addressing asset safekeeping and blockchain-based stock trading. CFTC Chairman Michael …