CFTC submits draft crypto rules to White House as CLARITY Act stalls in Senate

The U.S. Commodity Futures Trading Commission (CFTC) has submitted draft rules for the regulation of crypto markets to the White House for review. This step comes as the CLARITY Act remains stalled in the Senate following a narrow failure to advance in a procedural vote. The draft rules, titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets,” are part of the CFTC’s efforts to establish a regulatory framework for digital assets. The submission to the White House signifies an early phase in the federal rulemaking process, which does not immediately enact the rules. Meanwhile, the Senate’s failure to progress the CLARITY Act adds to the uncertainty surrounding the legislative future of crypto regulation. Key Takeaways The CFTC’s submission of draft crypto rules to the White House appears to be a preparatory step that does not yet finalize any regulations. The stalling of the CLARITY Act in the Senate suggests increased uncertainty in crypto market regulation, as indicated by the recent procedural vote outcome. 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. W...