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CFTC submits two crypto rule proposals to OIRA as Selig says publication is ready

  • CFTC submitted two crypto rule proposals to OIRA for preliminary review.
  • The proposals address crypto-asset transactions and markets, but their details remain undisclosed.
  • Michael Selig said CFTC was ready to publish the rules as Senate CLARITY Act debate advanced.

The CFTC (U.S. derivatives regulator) submitted two proposed cryptocurrency rules to OIRA (the office that reviews draft regulations) on the 18th. The proposals, named RegulationCryptoAssetTransactions and RegulationCryptoAssetMarkets, address crypto-asset trading and cryptocurrency markets, respectively. Their specific contents remain undisclosed, while CFTC Chairman Michael Selig said the agency is ready to publish the rules. The submission came as the U.S. Senate’s consideration of the CLARITY Act was advancing.

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