CFTC Submits Crypto Regulation Draft to White House Following CLARITY Act Stagnation

Following the U.S. Senate's failure to advance the CLARITY Act, the Commodity Futures Trading Commission (CFTC) has submitted a draft rule titled 'Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets' (RIN 3038-AF80) to the White House. The proposal aims to establish a dedicated regulatory framework for crypto assets, potentially allowing for designated contract markets and clarifying rules for leveraged trading and actual delivery exemptions.