US CFTC Withdraws Internal Guidance on Digital Asset Derivatives... "Expectations for Resolving Uncertainty"

The United States Commodity Futures Trading Commission (CFTC) has withdrawn internal administrative guidance related to the digital asset derivatives market. The industry expects this move to enhance regulatory clarity and alleviate uncertainty.

On the 29th (local time), according to CoinQu, a media outlet specializing in virtual assets (cryptocurrency), the CFTC announced that it would withdraw two existing guidelines related to digital asset derivatives. These guidelines have served as internal guidelines within the CFTC or as informal compliance guidelines within the industry.

This decision was made jointly by the CFTC's Division of Market Oversight and the Division of Clearing and Risk. The CFTC plans to establish a new regulatory structure that aligns with the current market environment.

Caroline Pham, Acting Chair of the CFTC, stated, "This measure is aimed at building a regulatory framework that matches the maturity of the digital asset market," adding, "It reflects the principle that innovation should be encouraged while appropriate supervision must be accompanied."

Brian Young, Director of the CFTC's Division of Enforcement, also emphasized, "This announcement will be part of a balanced regulatory strategy that harmonizes consumer protection and market growth."

The media noted, "The guidelines that were withdrawn have been criticized for being excessively ambiguous or overly enforcement-focused," adding, "This move is interpreted as a shift to address such concerns."