CFTC Submits Crypto Market Rules to White House as Congress Stalls
What happened: The Commodity Futures Trading Commission (CFTC) submitted a comprehensive crypto market rulemaking package to the White House Office of Information and Regulatory Affairs on September 1
What happened: The Commodity Futures Trading Commission (CFTC) submitted a comprehensive crypto market rulemaking package to the White House Office of Information and Regulatory Affairs on September 17, 2026. The proposal, identified as RIN 3038-AF80, aims to regulate crypto asset transactions and markets, including a new category for exchanges offering leveraged trading. Simultaneously, the SEC issued an "innovation exemption" for tokenized stock platforms, providing a conditional five-year onchain trading path. The CFTC also issued a no-action letter allowing software wallets to link users to regulated derivatives markets without broker registration.
Why it matters: With the Clarity Act stalled in Congress, federal regulators are moving forward independently, signaling a shift toward agency-led crypto oversight. The confidential nature of the CFTC proposal means details are scarce, and the process—OMB review, CFTC vote, public comment, and a second vote—could take months. Legal challenges to the CFTC’s authority are possible, raising uncertainty about the durability and scope of these new rules.
Source: CoinDesk