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CFTC Sends Crypto Rules to White House Amid Congressional Gridlock

Guavy AI Editorial Team
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The Commodity Futures Trading Commission (CFTC) has sent proposed rules for the cryptocurrency industry to the White House for review, as Congress stalls on passing the Clarity Act.

According to CoinDesk, the CFTC's proposal is aimed at clarifying regulatory guidelines for digital assets and providing greater transparency in the market.

The move comes as lawmakers struggle to agree on a bill that would provide clearer oversight of cryptocurrencies. The Clarity Act has been stuck in limbo, with some senators opposing certain provisions.

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