CFTC Submits Crypto Regulatory Framework to White House for Review

The U.S. Commodity Futures Trading Commission (CFTC) has taken another step towards formal rulemaking for crypto-related markets by submitting a regulatory action to the White House for review.

The CFTC filed a new crypto-focused rulemaking action with the Office of Information and Regulatory Affairs on September 17, but it remains in the early 'prerule' stage. The filing does not provide specific regulatory details, suggesting further information will come later in the rulemaking timeline.

CFTC Chair Michael Selig has stated that the agency is prepared to use existing authority to establish a crypto asset market regime if comprehensive legislation stalls. This signals an ongoing tug-of-war between market expectations of legislative clarity and regulators' willingness to set guardrails via rulemaking and targeted regulatory relief.