CFTC Submits Secret Two-Part Crypto Rules Package to White House

The US Commodity Futures Trading Commission (CFTC) has today submitted a two-part crypto regulation proposal to the White House Office of Information and Regulatory Affairs (OIRA).

Filed under the identifier RIN 3038-AF80, the pitch is split into two sections, namely:

• Regulation Crypto Asset Transactions 
• Regulation Crypto Asset Markets

At the moment, the proposal’s specific details remain confidential as it undergoes initial White House review.

The outline, however, suggests the likely introduction of a new category of exchange known as “crypto asset markets.” This would permit both existing and upcoming crypto exchanges to spot trade digital commodities such as Bitcoin BTCUSD and XRP under CFTC oversight.

OIRA has up to 99 days to complete a review, after which the proposal will go back to the Commission for a vote. After that, it will enter the Federal Register, then undergo two distinct 60-day public commentary periods.

While the development is positive, a final binding rule is unlikely to take effect until late 2027.

No act, but regulation continues 

Notably, this is one among a string of actions displaying commitment by the CFTC and US Securities and Exchange Commission (SEC) to guide the crypto ecosystem following the recent Clarity Act rejection.