The documents do not reveal details of the project. However, the proposal came after the CLARITY crypto market structure bill failed to pass. At the same time, CFTC Chair Michael Selig said that the agency is ready to issue rules using its legislative authority. Similar statements were made by SEC Chair Paul Atkins.
The CFTC document will be reviewed by White House lawyers, who examine federal regulations before publication. According to Polymarket, after the CLARITY vote failed, the probability that the bill will be adopted in 2026 fell to 7.6%.