The Commodity Futures Trading Commission has sent a crypto asset transactions and markets rulemaking, RIN 3038-AF80, to the White House’s Office of Information and Regulatory Affairs, which classified the submission at the prerule stage. The move follows the Senate’s refusal to proceed with the CLARITY Act, after which Chairman Michael Selig reiterated that the CFTC would rely on existing authorities to shape crypto market structure, including rules for leveraged retail trading and tokenized collateral. OIRA has ten working days from September 17 to complete its preliminary review, after which the CFTC could move toward a formal proposal requiring a Commission vote, public comment period, and subsequent adoption process.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.