CFTC Scraps ‘Outdated and Overly Complex’ Crypto Guidance as U.S. Regulations Evolve

The Commodity Futures Trading Commission (CFTC) is withdrawing its years-old guidance concerning the “actual delivery” of virtual currencies, which had governed custody and settlement since 2020. Acting CFTC Chairman Caroline D. Pham stated that eliminating this "outdated and overly complex guidance that penalizes the crypto industry and stifles innovation" is necessary to reflect current market realities, including tokenized markets and recent legislation like the GENIUS Act. This move aligns with the CFTC's broader effort to bring crypto activity under federal supervision, supporting regulated spot trading and implementing recommendations from the President’s Working Group on Digital Asset Markets. The agency has also recently launched a pilot program allowing crypto as collateral in derivatives markets and approved federally regulated spot crypto trading for the first time via Bitnomial.

(Source：Bitcoin Magazine)