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CFTC Files Crypto Rulemaking with White House After Senate Rejects CLARITY Act

Guavy AI Editorial Team
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The Commodity Futures Trading Commission (CFTC) has filed its rulemaking for the crypto market with the White House, just two days after the Senate rejected the CLARITY Act by a narrow vote of 49 to 50.

Chairman Michael Selig had indicated on September 17 that the agency was 'locked in and ready to ship rules,' and he delivered the filing to the White House Office of Information and Regulatory Affairs (OIRA) just two days later, under the RIN 3038-AF80 number.

The filing is a pre-rule stage notice with no economic significance and no legal deadlines, which may expedite the review process. It confirms Dodd-Frank authority and identifies no international impacts.

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