CFTC rolls back 2020 guidance focused on ‘actual delivery’ of digital assets

The Commodity Futures Trading Commission (CFTC), under acting Chair Caroline Pham, announced the withdrawal of its 2020 guidance that focused on the "actual delivery" of digital assets. Pham stated this action aligns with recommendations from the President's Working Group on Digital Assets Markets report and aims to remove "outdated and overly complex guidance" in accordance with the Dodd-Frank Act. This move is part of a broader trend under Pham's leadership to foster a more crypto-friendly regulatory environment, which has also included launching the "Crypto Sprint" and approving regulated spot crypto products and binary event contracts from exchanges like Bitnomial and Gemini. Separately, the U.S. Office of the Comptroller of the Currency recently confirmed that national banks may engage in "riskless principal" transactions involving crypto-assets.

(Source：The Block)