Company
White House office within OMB that reviews and coordinates federal agencies' proposed and final regulations before they take effect.
Michael Selig filed an early-stage crypto rulemaking with the White House budget office two days after the Senate stalled the CLARITY Act, and the filing's own schedule puts a binding rule in late 2027.
Perspective Coverage
6 publishersReality
CFTC sent the White House two rules on Sept. 28 that would define event contracts as swaps and carve out casino-style gambling products. The agency is trying to settle by rule a state-federal fight that has split appeals courts and now sits before the Supreme Court.
Perspective Coverage
5 publishersReality
The proposed rescission would delete a federal strict-liability trigger while MSRB, FINRA, CFTC and state pay-to-play regimes stay where they are, and the rule binds until the Commission finalises anything. Comments close 60 days after Federal Register publication.
Reality
Five former SEC and CFTC officials told the agencies that miscalibrated rules keep pushing perpetual futures offshore, and they filed the argument while Congress is on recess and the definitions are still being drafted.
Reality
The CFTC opened a 60-day consultation on compute derivatives on Aug. 19. The design question underneath it, which index a hedge settles against, decides whether the hedge works at all.
Reality
A threshold design that gives fintechs free pulls up to a limit and banks fees above it hands both industries a grievance. Model data costs against court dockets, not a final rule.
Reality