CFTC just pushed new crypto market regulations to the White House for final review. This is the formal step before implementation—expect clearer definitions around commodity classification for digital assets, potentially affecting how exchanges handle derivatives and spot markets. Historically, CFTC review periods run 30-90 days, so timeline's tight. If approved, could reshape how $BTC and $ETH futures are structured, plus impact DeFi protocols touching derivatives. Watch for jurisdictional battles with SEC over what counts as a commodity vs security.