US CFTC Submits New Crypto Regulatory Proposal to White House for Review

BlockBeats news, September 18 - According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is making good on its promise to swiftly advance crypto regulatory rules. This comes after a landmark digital asset bill failed to advance in the U.S. Senate this week.

As the futures and swaps regulator that would have become the primary overseer of the crypto market under the CLARITY Act, the CFTC has submitted a new proposal aimed at regulating crypto asset trading and markets to the White House for review. Information released by the Office of Management and Budget (OMB) on Friday shows that the proposal was received on Thursday.