CFTC withdraws outdated crypto delivery guidance amid broader digital asset reform

The Commodity Futures Trading Commission (CFTC) has withdrawn its outdated 2020 guidance concerning the "actual delivery" of virtual currencies, which previously mandated strict delivery standards within 28 days for leveraged or margined crypto trades. Actual delivery means a buyer gains full, unencumbered control of a digital asset, like custody in a personal wallet. Acting Chairman Caroline D. Pham stated that removing this legacy framework supports the Administration's goal of eliminating complex rules that hinder innovation. This action is part of the CFTC's broader digital asset reforms, aligning with recommendations from the President's Working Group on Digital Asset Markets, and the agency is seeking public input through its Crypto Sprint initiative for potential updated guidance.

(Source：Crypto Briefing)