The Commodity Futures Trading Commission on Thursday submitted a proposal to the White House to regulate crypto asset transactions and markets. This move comes after senators blocked the long-awaited Clarity Act on Tuesday. CFTC Chair Mike Selig stated that the regulator remained ready to publish its rules despite the legislation’s failure, aiming to finalize regulations before the end of the Trump administration’s term. The SEC also continued advancing its own regulatory plans, including approving tokenized stock trading this week.
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