CFTC Submits Crypto Rulemaking to White House Amid Regulatory Uncertainty

The Commodity Futures Trading Commission (CFTC) has submitted its long-awaited crypto rulemaking to the White House for review. This move comes just two days after CFTC Chairman Selig stated that the agency was 'locked in and ready to ship rules' following the Senate's failure to advance crypto market structure legislation.

The submitted rulemaking, titled 'Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets,' aims to establish clear guidelines for the regulation of crypto assets. The submission marks a significant step towards bringing much-needed clarity to the crypto industry, which has been plagued by regulatory uncertainty in recent years.