CFTC Sends Draft Crypto Rules to White House Amid Stalled Senate Bill
The US Commodity Futures Trading Commission (CFTC) has sent draft rules for regulating crypto markets to the White House for review. The move comes as the CLARITY Act stalls in the Senate after a narrow procedural vote failure.
The CFTC's 'Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets' draft is part of its efforts to establish a regulatory framework for digital assets. This submission signifies an early phase in the federal rulemaking process, which does not immediately enact the rules.
The Senate's failure to progress the CLARITY Act adds to uncertainty surrounding crypto regulation. Market pricing suggests a decreased likelihood of the CLARITY Act being signed into law in 2026, with odds stabilizing at 8% YES after a prior drop.