Bitcoin (BTC) rises above $80,000 on Friday, erasing losses from earlier in the week as the crypto market pushed a leg higher. The move comes as the Commodity Futures Trading Commission (CFTC) pushed for a crypto asset market regulations proposal, signaling regulators’ intent to establish oversight after Congress stalled comprehensive legislation.

CFTC pushes for crypto asset regulations amid CLARITY Act delay

The proposal, submitted Thursday to the Office of Information and Regulatory Affairs (OIRA), part of the Office of Management and Budget, is titled Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets. Although the filing details are not yet available, OIRA’s submissions website indicates it has been received…