CFTC sends new crypto market regulation proposal to White House after CLARITY Act fails
- —CFTC sent the White House a proposal to regulate crypto trading and markets
- —The document was received by the OMB on Thursday, published on September 18
- —The CLARITY Act failed to advance in the Senate this week
- —If passed, the law would make the CFTC the main regulator of digital assets
Why it matters: The CFTC is taking the initiative on crypto regulation amid the stalled legislation, which will speed up the emergence of market rules.
Source: PANews
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