The U.S. CFTC withdraws the 2020 guidance document on the "actual delivery" of digital assets

The acting chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline Pham, stated that the agency is withdrawing "outdated and overly complex guidance" related to the delivery of digital assets.

Pham noted that the agency will withdraw the relevant guidance from 2020 under the Dodd-Frank Act. The Dodd-Frank Act is a federal law passed in 2010 aimed at addressing the 2008 financial crisis. The guidance focused on the "actual delivery" of digital assets. Pham indicated that this is part of the recommendations made in the President's Working Group on Financial Markets report on digital assets. This summer, the White House released a lengthy cryptocurrency report addressing issues of illicit finance and taxation, and suggested granting the CFTC the authority to regulate digital assets.