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The Commodity Futures Trading Commission on Thursday sent a proposal to the White House to regulate crypto transactions and markets.
It isn’t clear what the regulations will look like from the post on the Office of Management and Budget’s website. The proposal is titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.”
The CFTC’s move comes after lawmakers blocked the long-awaited crypto legislation Clarity Act on Tuesday. Despite the law not advancing, both the CFTC and Securities and Exchange Commission have said they would go ahead with crypto rulemaking anyway.
CFTC Chair Mike Selig said on Wednesday that while the Clarity Act…
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