CFTC Submits Crypto Market Rulemaking to White House for Review
CFTC Files Crypto Rulemaking With White House
The Commodity Futures Trading Commission (CFTC) has submitted a crypto market rulemaking to the White House for review. The filing, identified as RIN 3038-AF80, is titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets."
The Office of Information and Regulatory Affairs (OIRA) received the filing on September 17, two days after the Senate blocked the CLARITY Act. OIRA lists the filing at the prerule stage, not as a proposed rule.
Key Details
- The CFTC filed the rulemaking with OIRA, part of the White House's regulatory review process.
- Executive Order 12866 gives OIRA 10 working days to review preliminary actions like this one.
- Proposed and final rules get a longer review period of 90 days.
- This is the only CFTC action currently pending White House review.
- Michael Selig is the agency's only sitting commissioner.
What Is Confirmed
The CFTC submitted the rulemaking to OIRA on September 17. The filing is at the prerule stage. It is the only CFTC action pending White House review.
Why It Matters
This move comes right after the Senate blocked the CLARITY Act, a legislative attempt to address crypto regulation. The CFTC's rulemaking is an administrative step that could lead to new rules for crypto asset transactions and markets.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.