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8 hour ago
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CFTC submits crypto asset rule proposal for White House review

2 min

The Commodity Futures Trading Commission has advanced a new crypto rulemaking to White House review, signaling progress toward a broader framework for digital asset trading. The submission, listed by the Office of Information and Regulatory Affairs under RIN 3038-AF80 as “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets,” was received on September 17 and remains under review.

What changed

  • A CFTC crypto rulemaking entered White House regulatory review at OIRA.
  • The filing covers “Crypto Asset Transactions” and “Crypto Asset Markets.”
  • Status: pre-rule stage. No provisions have taken effect.

Stage and immediate impact

OIRA lists the submission as a pre-rule. This stage indicates executive-branch review before public release of the proposal. There is no new trading permission, no compliance deadline, and no automatic change to how exchanges offer derivatives to U.S. customers. The change: a formal agency rulemaking is now moving through review.

Context and scope

The CFTC oversees futures, options, and other derivatives. Crypto firms have sought clarity on products such as perpetual-style contracts within the U.S. rulebook. A formal rulemaking could convert grey areas into concrete requirements and align earlier 2026 guidance and no-action positions into a more durable framework.

Why firms will watch

Details will shape market access and compliance:

  • Margin requirements and risk management
  • Eligible participants and customer protections
  • Exchange registration and oversight
  • Clearing models and intermediated vs. direct access
  • Treatment of leveraged retail products

Outcomes could determine whether more crypto derivatives activity shifts into regulated U.S. venues.

What’s next

The market awaits the text of the proposal after OIRA review. The review indicates the CFTC has developed a regulatory package advanced enough for White House consideration.

Source: U.S. Office of Information and Regulatory Affairs — https://www.reginfo.gov/public/Forward?Image61.x=0&Image61.y=0&SearchTarget=RegReview&textfield=3038