The Commodity Futures Trading Commission has sent a crypto-market regulatory item for White House review, according to the government's Reginfo docket. The filing was received September 17 and is titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.”

The official record identifies the stage as Prerule, not a final regulation, and lists no legal deadline. It does not disclose substantive requirements for trading venues or specify which crypto assets would be covered. Submission for review therefore does not establish a new operating framework for exchanges.

CoinDesk reported the move after the CLARITY Act failed to advance in the Senate earlier in the week. The filing provides a concrete sign of continued agency work, but the scope of that work remains unresolved in the public record.

Separate relief for software providers

In a separate announcement dated September 17, the CFTC's Market Participants Division broadened a conditional no-action position for providers of passive software, similar to earlier Staff Letter 26-09.

Subject to specified conditions, staff will not recommend enforcement action for failure to register as an introducing broker, or an associated person of one, solely for providing and marketing software that facilitates users' trading with registered futures commission merchants, introducing brokers and designated contract markets.

That distinction matters for developers building trading interfaces: the announcement describes conditional staff enforcement relief, not an unrestricted exemption for every crypto application. It is also separate from the pending crypto-market prerule. Neither announcement establishes that Congress has passed a new digital-asset market structure law.