CFTC chair calls CME’s self-certified 24/7 crude oil futures trading ‘wholly inappropriate’

Both US financial regulators are understaffed at the leadership level and lacking Democratic commissioners, with no announcement from President Donald Trump on filling the roles.

The companies urged the regulator to exempt blockchain developers and non-custodial wallet providers from rules designed for traditional financial intermediaries.

The CFTC's understaffing could hinder effective crypto regulation, risking market ambiguity and stalling legislative progress on digital assets. The post White House defends Trump’s regulatory appointments amid CFTC vacancies that threaten crypto oversight appeared first on Crypto Briefing.

The post Trump White House rejects SEC snub claims before CLARITY showdown appeared on BitcoinEthereumNews.com. The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act. Summary White House says it requested Democratic nominees for the SEC and CFTC but has not received any names. CLARITY Act negotiations continue as lawmakers debate ethics rules, DeFi provisions, and regulatory appointments. Senators Cynthia Lummis and Ron Wyden have defended different parts of the bill ahead of a Senate vote. According to a letter sent by the White House to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, the administration said it had already asked for suitable Democratic nominees for both the SEC and the CFTC but had not received any names in response. The letter pushes back against critic

The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act. According to a letter…

The post Kalshi’s court loss shows federal approval may still leave prediction markets fenced off by states appeared on BitcoinEthereumNews.com. A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on national event-contract rules. In a July 7 opinion and order, Judge Analisa Torres of the Southern District of New York denied KalshiEX LLC’s request for a preliminary injunction to block New York gaming officials from enforcing state gambling law against its sports-event contracts while the case proceeds. The decision is preliminary. It leaves the merits open, but it rejects Kalshi’s bid for immediate relief on the argument that the Commodity Exchange Act preempts New York’s gambling laws as applied to those contracts. The access risk now has two tracks: whether the Commodity Futures Trading Commission accepts event contracts at the federal level, and whether states can force platforms to block, limit, or redesign access

HPC and Phantom asked the CFTC to confirm code isn't a financial service.

The post CLARITY Act in Focus as White House, Democrats Dispute SEC, CFTC Nominations appeared on BitcoinEthereumNews.com. The White House has pushed back against claims that the Trump administration is refusing to nominate Democratic Commissioners to independent agencies. This dispute comes ahead of the potential vote on the CLARITY Act, although it is unclear whether it will affect the crypto bill’s chances of passage. White House Rebuts Nomination Claims Ahead of Potential CLARITY Act Vote In a letter addressed to the Senate Majority and Minority Leaders, John Thune and Chuck Schumer, the White House pushed back against claims that the Trump administration is refusing to nominate Democratic Commissioners to independent agencies such as the CFTC and the SEC. The White House said that it has requested suitable Democratic nominations to the CFTC and SEC but has yet to receive names in response to its request. It is worth noting that the CFTC and SEC are both key crypto regulators and w