Which Major Regulatory Bodies Have Issued Guidance on Crypto Exchange Insurance Funds?

Major regulatory bodies, particularly in the US and Europe, have begun to issue guidance that indirectly or directly impacts crypto insurance funds. The US CFTC (Commodity Futures Trading Commission) and European ESMA (European Securities and Markets Authority) have established clear rules for margin, segregation, and risk-mitigation pools in traditional derivatives, which serve as a de facto standard.

Explicit crypto-specific rules for these funds are still evolving, but the trend is towards greater oversight.