Acting Chairman Pham Announces Withdrawal of Outdated Digital Assets Guidance

WASHINGTON — Commodity Futures Trading Commission Acting Chairman Caroline D. Pham today announced the CFTC is withdrawing outdated guidance related to actual delivery of “virtual currencies,” given the substantial developments in crypto asset markets. 

“Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the Administration has set out to do this year,” said Acting Chairman Pham. “Today’s announcement shows that with decisive action, real progress can be made to protect Americans by promoting access to safe U.S. markets.”

The withdrawal of the guidance enables the CFTC to continue its ongoing work to implement the recommendations in the President’s Working Group on Digital Asset Markets report. The CFTC will consider whether updated guidance or FAQs are appropriate, and encourages the public to engage with feedback via the CFTC’s Crypto Sprint.