WuBlockchain
A regulatory filing indicates that the CFTC submitted a proposal to regulate cryptocurrency trading and markets to the White House Office of Management and Budget on Sept. 17. The proposal has not been finalized.
Why it matters
The submission follows the Senate’s failure to advance the CLARITY Act, which would have granted the CFTC primary authority over digital asset markets. The filing keeps a CFTC-led approach in the policy pipeline while Congress remains stalled on broader market-structure legislation.
Market impact
The review signals that US crypto-market rules could advance through regulatory action even without the CLARITY Act. Until the proposal clears review and becomes final, its scope and effect on trading venues and digital asset markets remain unsettled.
Source: [Pending EO 12866 Regulatory Review](https://www.reginfo.gov/public/do/eoDetails?rrid=1537870)
Frequently asked questions
-
What did the CFTC submit to the White House?
The CFTC submitted a proposal to regulate cryptocurrency trading and markets to the White House Office of Management and Budget on Sept. 17.
-
Why was the CFTC proposal submitted after the CLARITY Act stalled?
The submission followed the Senate’s failure to advance the CLARITY Act, which would have granted the CFTC primary authority over digital asset markets.
-
Has the CFTC crypto-market proposal been finalized?
No. The proposal remains under White House review and has not been finalized.
-
What authority would the CLARITY Act have given the CFTC?
The CLARITY Act would have granted the CFTC primary authority over digital asset markets.
-
What could the filing mean for US crypto regulation?
It keeps a CFTC-led market-structure approach in the policy pipeline while broader crypto legislation remains stalled in the Senate.
Crypto News
TheBlock
WatcherGuru
CoinDesk
CoinTelegraph
CryptoSlate