The Commodity Futures Trading Commission proposed amending Regulation 37.3(a)(2) to remove the requirement that swap execution facilities provide an order book for permitted transactions. The CFTC said traders have rarely used those order books, although they remain available, and that the change could let SEFs direct staff, technology and operating resources toward execution methods better suited to particular swaps. The proposal would not affect order-book requirements for required transactions, which remain subject to prescribed execution methods such as order books or qualifying request-for-quote systems. The amendment will not take effect unless finalized and will enter a 30-day public-comment period after Federal Register publication. CFTC Chair Michael Selig said the proposal reflects the agency's principles-based approach and its aim of imposing the minimum effective dose of regulation. The measure comes alongside broader CFTC deregulation efforts, congressional debate over digital-asset market authority and the first meeting of the Innovation Advisory Committee.