The US Commodity Futures Trading Commission has submitted a new regulatory action covering crypto asset transactions and markets for White House review. The action, titled « Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets, » was received on September 17 and is listed at the « prerule » stage, indicating an early stage of the rulemaking process. This decision comes days after the Senate failed to advance the CLARITY Act, legislation aimed at establishing a federal regulatory framework for crypto markets. CFTC Chair Michael Selig stated that the agency was prepared to publish rules for crypto markets using its existing statutory authority. In response, the CFTC issued a no-action position for providers of passive software, while the SEC announced temporary exemptions for certain platforms facilitating onchain trading of tokenized securities.
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