CFTC Submits Crypto Market Framework for White House Review
The filing starts executive review of a proposed crypto market structure rule that could expand CFTC oversight if Congress remains stalled.
- On Sept. 17, The Commodity Futures Trading Commission submitted a rule titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" to The White House for Office of Information and Regulatory Affairs review.
- The filing follows The Senate's failure to pass the Digital Asset Market CLARITY Act, as the procedural vote ended 49 to 50, falling short of the 60 votes required for debate on Sept. 15.
- CFTC Chairman Michael Selig had directed staff to "codify a CFTC market structure for crypto assets" using existing agency powers, preparing for the possibility that Congress would not complete federal legislation.
- Alongside the submission, CFTC staff issued no-action relief for software developers on Sept. 17, while The SEC continues its own crypto rulemaking agenda for tokenized markets.
- Seven Senate Democrats who blocked the bill suggested negotiations could continue, though Congress remains divided over federal market structure laws, leaving agencies to fill the regulatory void.
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CFTC Seeks White House Review on Crypto Rules After Bill Fails
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Cryptocurrency News | Cryptocurrency Prices | Market CapCFTC submits crypto market framework for White House review
The Commodity Futures Trading Commission has sent a proposed framework for crypto transactions and markets to the White House for review, moving ahead with rulemaking days after the CLARITY Act failed to advance in the Senate. According to a filing…
CFTC Moves On Crypto Rules After Senate Blocks CLARITY Act
The CFTC has sent its crypto market framework to the White House for review after the Senate failed to advance the CLARITY Act. The filing remains at an early stage, while federal regulators continue shaping digital asset oversight through existing authority.
In the US this week, the Clarity Act, considered one of the most important bills aimed at creating a comprehensive legal framework for crypto markets, failed to pass the procedural vote in the Senate. While uncertainties surrounding the Clarity Act continue, the US Commodity Futures Trading Commission (CFTC) has submitted a new proposal to the White House to regulate cryptocurrency trading and markets. The proposal is under review! […] Source: B…
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