After the U.S. Senate blocked the CLARITY Act from moving forward, the Commodity Futures Trading Commission has now reportedly filed new rulemaking measures with the White House, sidestepping Congress as it pushes its crypto regulation agenda.
According to The Block, the CFTC last week filed the “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets” with the Office of Information and Regulatory Affairs (OIRA), under the Office of Management and Budget overseeing federal regulations.
The entry is flagged as Dodd-Frank Act rulemaking, with reports indicating that OIRA has 10 working days to review the preliminary action and 90 days for proposed and final rules.
