Did the Clarity Act become law?

No. It failed on a vote in Congress this week, so it did not set new crypto market rules.

Is the CFTC proposal a final rule yet?

No. Bitcoin Magazine reported it was sent to the White House, where it must clear review and likely public comment first.

What should bitcoin holders watch next?

Watch for the White House to post the proposal text, since the definitions will show which bitcoin transactions are covered.

CFTC Sends Crypto Proposal to White House After Vote

CFTC sends crypto trading proposal to White House

Regulation18 Sept 2026, 20:26 UTC3 min readBITCOIN

Written by

CoinBatmi Newsroom

Published

Sep 18, 2026

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CFTC sends crypto trading proposal to White House

CoinBatmiConnecting to market data

The CFTC sent a crypto trading proposal to the White House after the Clarity Act vote failed in Congress this week. Bitcoin Magazine reported the move and said the regulator acted fast once the vote broke down. It's a big shift because Congress didn't deliver rules so an agency is now filling the gap. So Congress is out of the picture for now. The CFTC has stepped in. And that changes who writes the next trading rules. That matters for bitcoin because it trades around the clock and across many venues. A federal rule can set how those trades are watched and reported. It doesn't set the price but it shapes where and how people can trade.

Clarity Act vote failed in Congress

The Clarity Act was meant to draw clear lines for crypto markets. It would have spelled out which agency handles what and how tokens and trading venues fit under federal law. But it didn't get through so those lines stayed blurry. Bitcoin Magazine said the failed vote came this week. That's why the timing stands out. The CFTC didn't wait around for another try in Congress. Lawmakers have talked about market structure for years. They haven't agreed on the split between securities and commodities rules. So traders still live with old laws applied to new markets. Agencies don't love that spot. They have to enforce with tools built for stocks and futures. And crypto doesn't always fit those boxes.

Proposal now sits with White House

The CFTC proposal is now with the White House for review. That review, a required check before a federal rule can move forward, tests cost and legal fit. It can clear a draft or send it back for fixes. Bitcoin Magazine reported the handoff but the full text isn't public yet. We don't know the scope or the timeline. That part will only clear up once the White House posts it. This step is normal for big rules. The agency drafts. The White House checks. Then the public often gets a chance to comment before anything is final. That comment phase counts here. Exchanges and brokers will push on definitions. They'll ask what counts as a regulated transaction. They'll ask who must register. Small shops will care too. Paperwork hits them harder. So watch whether the draft treats big venues and small apps the same.

Bitcoin traders face a split rulebook

Bitcoin sits close to the CFTC already because bitcoin futures trade on regulated exchanges. Spot trading is messier. It happens on many platforms with different standards for custody and surveillance. A CFTC rule could tighten that setup. It could set clearer reporting and monitoring for transactions tied to U.S. venues. It can't fix offshore trading but it can raise the bar at home. Traders should not expect instant change. A proposal is not a final rule. It still needs White House clearance and likely public input. Still, the direction is clear. Federal watchdogs want more sightlines into crypto flows, meaning records of who traded what and where. More records mean easier checks for fraud and wash trading. If the rule moves ahead, U.S. desks may adjust first. They follow federal paper trails closely. Offshore venues may take longer to react. The next concrete marker is the White House posting. Once the text drops, read the definitions section first. That will show whether bitcoin spot deals fall inside the line.

CFTC Sends Crypto Proposal to White House After Vote

CFTC Sends Crypto Proposal to White House After Vote

CFTC sends crypto trading proposal to White House

CFTC Sends Crypto Proposal to White House After Vote

CFTC sends crypto trading proposal to White House

Clarity Act vote failed in Congress

Proposal now sits with White House

Bitcoin traders face a split rulebook

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