CFTC Crypto Asset Rules Enter White House Review

TL;DR A new CFTC crypto rulemaking has entered White House regulatory review. The filing covers “Crypto Asset Transactions” and “Crypto Asset Markets.” It is still at the pre-rule stage, so nothing has taken effect yet. The Commodity Futures Trading Commission has moved a new crypto rulemaking into White House review, giving the market its clearest sign yet that the agency is preparing a broader framework for digital asset trading. The Office of Information and Regulatory Affairs lists a CFTC submission under RIN 3038-AF80 titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.” The filing was received on September 17 and remains under review. That title is broad enough to matter. The CFTC already oversees futures, options and other derivatives markets, and crypto firms have spent years trying to work out how products such as perpetual-style contracts fit within the existing U.S. rulebook. A formal rulemaking could start turning some of those grey areas into something more concrete. The Important Bit Is The Stage This is not a final rule. OIRA lists the submission as a pre-rule and its status remains pending. In practical terms, that means the proposal is ...