CFTC Kicks Off Crypto Rulemaking, Bypassing a Stalled Congress

Crypto Insight Summary: The agency submitted a prerule on crypto asset transactions and markets to the White House for review, signaling it will build a derivatives framework on its own authority after the Clarity Act's collapse. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: CFTC's regulatory initiative provides clarity but takes time to implement.