The Commodity Futures Trading Commission (CFTC) has submitted a proposal for rulemaking on crypto asset transactions and markets to the White House. The filing, received by the Office of Information and Regulatory Affairs on September 17, is currently at the prerule stage. This stage indicates that the proposal is still in its early stages of development and has not yet been proposed as a formal rule. The timing of the filing is notable, coming just two days after the Senate blocked the CLARITY Act, a bill aimed at regulating digital assets.
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
The CFTC's move to initiate rulemaking on crypto markets suggests that the agency is taking steps to establish clearer guidelines for the industry.
