The White House Office of Management and Budget reviews the SEC's proposed rules for crypto brokers, while the CFTC submits a proposal for prediction market protection.

The White House Office of Management and Budget is reviewing a proposal from the SEC regarding broker-dealers' digital asset businesses, which was submitted earlier this week. The SEC is expected to consider proposals to amend broker-dealers' financial responsibilities, record-keeping, and reporting requirements to clarify how the rules apply to crypto assets. (Source: Bloomberg) The U.S. Commodity Futures Trading Commission (CFTC) submitted another proposal this week to the White House Office of Management and Budget, aiming to strengthen consumer protection measures in forecasting markets. (Source: Bloomberg)