CFTC Seeks White House Review on Crypto Rules After Bill Failure
· Business · Bloomberg, Financial Times
The Commodity Futures Trading Commission is moving forward with plans to establish cryptocurrency regulations after a landmark digital asset bill failed to advance in the Senate. CFTC officials are seeking White House review to implement supervisory frameworks for the digital asset sector. The legislative setback in Congress left a regulatory vacuum that federal agencies are now attempting to fill through administrative action. Market participants are closely monitoring how the White House will handle the request amid ongoing debate over agency jurisdiction. The timeline for finalizing these new crypto rules has not yet been announced.
Why it matters
The push for executive-level crypto rules directly impacts digital asset compliance standards and regulatory jurisdiction for US financial markets.
Read the original report — Bloomberg
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