CFTC Submits Crypto Regulatory Framework to White House Following CLARITY Act Stagnation

The U.S. Commodity Futures Trading Commission (CFTC) has submitted a proposed regulatory framework for crypto asset transactions and markets to the White House for review. This action follows the Senate's recent failure to advance the CLARITY Act. While the filing is classified as a prerule and does not specify covered assets or activities, it signals the agency's intent to utilize existing statutory authority to establish oversight for crypto markets, including potential rules for leveraged or margined trading.