The US Commodities Futures Trading Commission (CFTC) has rescinded a key directive that previously signaled increased scrutiny for digital asset derivatives, indicating a more favorable regulatory environment for digital assets in the US, in line with the Trump administration’s pro-crypto stance.
The CFTC has withdrawn Staff Advisories No. 23-07 and No. 18-14 from its Division of Clearing and Risk (DCR). The 2023 advisory addressed risks associated with clearing digital assets, while the earlier one focused on virtual currency derivatives listings.
Initially, both directives suggested heightened oversight of crypto products. However, they have now been deemed unnecessary, effective immediately, as the commodities regulator moves towards regulatory consistency.
