The U.S. Commodity Futures Trading Commission (CFTC) has submitted a new proposal to regulate cryptocurrency trading and markets to the White House for review, accelerating its rulemaking efforts after the Senate failed to advance the CLARITY Act this week. Documents released Friday by the White House Office of Management and Budget confirm the proposal was received on Thursday. The regulatory push comes as legislative efforts to establish a comprehensive digital asset framework have stalled. Had the CLARITY Act passed, it would have designated the CFTC as the primary regulator of the digital asset market, prompting the agency to pursue alternative administrative pathways to establish oversight rules.