CFTC Submits Crypto Rulemaking to White House for Review

VERA Brief

AI-generated. Grounded in the article and its cited sources.

The Commodity Futures Trading Commission has sent its proposed cryptocurrency asset rulemaking to the White House Office of Management and Budget for review. This action is being taken without direct congressional legislation.

Key facts

• The Commodity Futures Trading Commission has submitted proposed rulemaking for crypto assets.
• The proposed rulemaking has been sent to the White House Office of Management and Budget for review.
• The CFTC is pursuing this rulemaking independently of congressional legislation.
• The Office of Management and Budget will assess the potential economic impact and regulatory implications.
• Specific details of the proposed rules are not yet publicly disclosed.