CFTC Sends Crypto Market Rules to White House After Senate Bill Fails
Updated
Updated · Bloomberg · Sep 17
CFTC Sends Crypto Market Rules to White House After Senate Bill Fails
3 articles · Updated · Bloomberg · Sep 17
Summary
The CFTC has sent a proposal to regulate crypto transactions and markets to the White House for review, moving ahead after the Senate blocked a landmark digital-asset bill this week.
Thursday’s submission was disclosed Friday in an Office of Management and Budget post, marking the agency’s first concrete step after promising to act quickly.
The failed Clarity Act would have made the futures and swaps regulator the primary federal overseer of crypto, leaving the CFTC to pursue rulemaking instead of waiting for Congress.
The move adds to a broader regulatory push after the SEC this week opened a 5-year pathway for limited trading of tokenized U.S. stocks.
If public companies use their 30-day window to block tokenization, could this regulatory breakthrough quietly fail before it begins?
Will the SEC's new 5-year exemption finally bridge Wall Street and DeFi, or just create a fragmented, low-liquidity market?
How will traditional markets react when billions in tokenized blue-chip shares are suddenly used as collateral in decentralized finance?
U.S. Tokenized Equities Top $2 Billion as CLARITY Act Stalls: Inside the Regulatory Battle Over Crypto Stocks and 24/7 Trading
Overview
The CLARITY Act, intended to create clear rules for digital assets in the U.S., stalled in the Senate due to partisan disputes over ethics and President Trump’s crypto ties, as well as industry splits and banking sector pressure. This failure caused a sharp drop in Bitcoin’s price and market confidence, while the odds of the bill passing collapsed. With Congress deadlocked and the legislative calendar cut short, regulatory responsibility shifted back to agencies like the SEC and CFTC, which began crafting their own rules. As a result, uncertainty grew, prompting warnings from industry leaders that U.S. competitiveness could suffer if clear laws are not established soon.