CFTC Sends Crypto Framework to White House
Following the Senate's rejection of the CLARITY Act, the CFTC is accelerating its unilateral rulemaking by sending a proposal to the White House and issuing no-action relief for software providers. This coordinated regulatory effort, mirrored by the SEC's tokenized stock exemptions, has strengthened market confidence and helped Bitcoin reclaim the $80,000 level.
According to CoinDesk, the CFTC has formally submitted its market structure proposal to the White House Office of Management and Budget for review, a step that precedes a public comment period and final agency vote. The regulator also clarified specific conditions for no-action relief, permitting passive software providers to facilitate access to regulated derivatives without registering as introducing brokers, provided they do not hold assets or control order execution.
Source: CoinDeskPer GN auto markets/crypto: crypto regulation, the CFTC concurrently issued a no-action position for crypto developers facilitating derivative trades, while the SEC released a five-year innovation exemption for tokenized stocks to avoid legislative conflict. Bitcoin has also reclaimed the $80,000 level, rising over 5% to approximately $80,600 despite recent central bank rate hikes.
Source: CoinGapePer GN auto markets/crypto: crypto regulation, the CFTC has filed two specific rule proposals titled 'Regulation Crypto Asset Transactions' and 'Regulation Crypto Asset Markets' with the Office of Information and Regulatory Affairs, signaling an intent to establish a federal trading framework under the Commodity Exchange Act rather than awaiting new congressional legislation.
Source: genfinity.ioThe Commodity Futures Trading Commission submitted its proposed crypto market rules to the White House on September 17.
Source: Crypto News
