Reports: CFTC Submits 'Crypto Asset Transactions and Markets' Package to White House
CIE News ·
According to regulatory tracking records and reports, the Commodity Futures Trading Commission (CFTC) has submitted a major regulatory package to the White House Office of Information and Regulatory Affairs (OIRA). The proposed rulemaking package, titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," reportedly comes in the wake of the failure of the Senate's legislative push on the CLARITY Act. This development suggests an administrative transition toward enacting crypto oversight standards through executive channels following the impasse in standalone congressional legislation.
The regulatory submission reportedly relies on the CFTC's existing statutory authority under the Commodity Exchange Act (CEA) rather than awaiting potential standalone directives from lawmakers. Observers note that under this existing legal framework, the proposed administrative rules are intended to institute clear market supervision protocols, mandatory reporting guidelines, and enhanced surveillance standards for digital commodity venues. By utilizing its established statutory remit under the CEA, the agency appears positioned to operationalize broader market monitoring and oversee operational conduct across qualifying digital asset market participants.
The regulatory filing is currently undergoing formal review at OIRA, which coordinates policy evaluations across executive agencies. If cleared through the White House review process, the administrative package is anticipated to be published in the Federal Register to launch a public comment period. That formal consultation phase would grant digital commodity platforms, institutional stakeholders, and the broader public an opportunity to inspect the specific requirements and provide input before any final administrative determinations are implemented.