White House · US Congress · The Information · Federal Reserve (FED) · The Block
The CFTC declined to comment on details about the proposed rulemaking
Compiled by KHAO Editorial — aggregated from 4 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Federal agencies are plowing ahead on their own after the Clarity Act, a sweeping bill that would have comprehensively regulated the digital asset industry at the federal level for the first time, failed in the Senate during a procedural vote on Tuesday.
Key facts
- On Thursday, the agency filed "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" with the Office of Information and Regulatory Affairs (OIRA), a division within the Office
- The Commodity Futures Trading Commission isn't sitting idle, the agency has sent its crypto rulemaking to the White House for review
- On Thursday, the Securities and Exchange Commission r eleased its long-anticipated " innovation exemption " to make room for the onchain trading of tokenized stocks
- CFTC Chair Michael Selig has previously said he would "utilize its existing authorities to begin establishing a regime for crypto asset markets" if the Clarity Act stalls
Summary
The Commodity Futures Trading Commission isn't sitting idle, the agency has sent its crypto rulemaking to the White House for review. On Thursday, the agency filed "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" with the Office of Information and Regulatory Affairs (OIRA), a division within the Office of Management and Budget that reviews federal regulations before publication. Key Democratic negotiators cited ethics concerns as their main reason for opposing the bill. On Thursday, the Securities and Exchange Commission r eleased its long-anticipated " innovation exemption " to make room for the onchain trading of tokenized stocks.