TL;DR

The Commodity Futures Trading Commission has moved a new crypto rulemaking into White House review, giving the market its clearest sign yet that the agency is preparing a broader framework for digital asset trading.

The Office of Information and Regulatory Affairs lists a CFTC submission under RIN 3038-AF80 titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.” The filing was received on September 17 and remains under review.

That title is broad enough to matter.

The CFTC already oversees futures, options and other derivatives markets, and crypto firms have spent years trying to work out how products such as perpetual-style contracts fit within the existing U.S. rulebook. A formal rulemaking could start…