The Commodity Futures Trading Commission's proposed framework for retail crypto transactions mandates market surveillance, anti-manipulation rules, customer protection, and proof-of-reserves controls

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The CLARITY Act, which aimed to establish a federal framework for cryptocurrency regulation, was defeated in a United States Senate vote on September 15, 2026

The Commodity Futures Trading Commission's proposal seeks to create a new registration category designated as the 'crypto asset market' under agency jurisdiction

Under the Commodity Futures Trading Commission's proposed framework for a new 'crypto asset market' registration category, basic spot cryptocurrency exchanges may continue operating primarily under state money-transmitter licenses

The Commodity Futures Trading Commission currently lacks statutory authority to enforce mandatory federal registration for spot cryptocurrency exchanges

The Commodity Futures Trading Commission initiated proposed rulemaking under existing statutory powers as a backup plan following the Senate's defeat of the CLARITY Act on September 15, 2026

The Commodity Futures Trading Commission proposed a regulatory framework allowing United States cryptocurrency exchanges to opt for federal oversight

Under the OECD's proposed Crypto-Asset Reporting Framework (CARF), covered crypto service providers must collect customer identification details and report relevant crypto transactions and transfers to national tax authorities

The proposed rules for Australian crypto platforms ahead of a 2027 rollout form part of a digital asset financial services framework with an implementation schedule separate from the Treasury's tax reporting proposal

The proposed Treasury Laws Amendment Bill 2026: Tax information reporting introduces both international exchange obligations and a domestic crypto reporting regime to provide transaction records to the Australian Taxation Office

On October 15, 2026, the Australian Treasury released draft legislation titled Treasury Laws Amendment Bill 2026: Tax information reporting to incorporate the OECD Crypto-Asset Reporting Framework into domestic law.

Australia first committed to adopting the OECD Crypto-Asset Reporting Framework in November 2023 and conducted an initial public consultation from November 2024 to January 2025.

The OECD approved the Crypto-Asset Reporting Framework in August 2022 to combat cross-border tax evasion risks arising from taxpayers holding digital assets in foreign jurisdictions.

Australia plans to conduct its first international exchanges of crypto tax data under the Crypto-Asset Reporting Framework in 2028.

California's Digital Financial Assets Law establishes rules to protect state residents using digital asset services, with requirements tied to July 1, 2026.

,The OECD Crypto-Asset Reporting Framework covers exchanges between crypto assets and fiat currencies, exchanges between different crypto assets, and certain crypto asset transfers.

Participating jurisdictions under the OECD framework are scheduled to begin their first cross-border exchanges of crypto tax information between 2027 and 2029.

As of September 2026, 77 jurisdictions, including Australia, the United Kingdom, Japan, and the United States, have committed to adopting the OECD Crypto-Asset Reporting Framework.

The OECD released technical reporting specifications for the Crypto-Asset Reporting Framework in October 2024 and issued updated data exchange guidance in July 2025.

On October 15, 2026, Latvia's parliament, the Saeima, adopted amendments to the Law 'On Personal Income Tax' establishing a one-time crypto declaration window in 2027

Latvia's October 15, 2026 legislation permits an investment-account model for crypto-assets provided by EU-licensed entities operating under the Markets in Crypto-Assets (MiCA) regulation