The CFTC just sent its crypto rulebook to the White House for final review.

The proposed rule: "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets."

Timing matters here. This dropped 48 hours after CFTC Chair Rostin Behnam said the agency was "locked in and ready to ship rules" — right after the Senate stalled on crypto market structure legislation.

Translation: If Congress won't act, the CFTC will.