CFTC sends crypto rulemaking to White House

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The US Commodity Futures Trading Commission (CFTC) has submitted a new regulatory action covering crypto transactions and markets for White House review.

The filing was received on 17 September and is listed at the “prerule” stage, meaning the agency has not yet formally proposed the rules. The filing does not disclose details of the planned regulation.

The move follows the Senate’s failure to advance the CLARITY Act on 15 September. CFTC Chair Michael Selig and SEC Chair Paul Atkins have both said their agencies will continue developing crypto rules using existing statutory powers.

The CFTC has since issued no-action relief for certain software providers, while the SEC introduced temporary exemptions for platforms facilitating onchain trading of tokenised securities.