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      CFTC Proposes New Rules for Crypto Transactions Following Senate Vote

      On September 17, 2026, the Commodity Futures Trading Commission (CFTC) submitted a proposed rulemaking titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" to the White House Office of Information and Regulatory Affairs. This move comes just two days after the U.S. Senate narrowly voted against the CLARITY Act, which aimed to establish a comprehensive regulatory framework for digital assets. With the legislative route blocked, the CFTC is taking steps to assert its regulatory authority over the crypto market independently.

      The proposed rules focus on creating a designated contract market framework specifically for crypto assets, potentially allowing both registered and non-registered exchanges to facilitate leveraged trading. CFTC Chair Michael S. Selig had previously directed staff to explore rules around crypto market structure, indicating a proactive approach to regulation. The submission to the White House marks the beginning of a formal rulemaking process, although the specific details of the proposed regulations have not yet been made public.

      The failure of the CLARITY Act, which aimed to clarify jurisdictional boundaries between the CFTC and the Securities and Exchange Commission (SEC), highlights ongoing tensions in the regulatory landscape for digital assets. A narrow 49-50 vote in the Senate prevented the bill from passing, leaving the CFTC to navigate the complexities of crypto regulation on its own. This development could provide U.S. exchanges with a clearer regulatory pathway to offer new products, particularly in leveraged trading, while also raising questions about jurisdictional overlaps with the SEC.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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