TechFlow news, December 12 — According to The Block, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), announced the withdrawal of the 2020 guidance on "actual delivery" of digital assets.
Pham stated that the agency will withdraw this "outdated and overly complex guidance" under the Dodd-Frank Act. The original guidance was based on recommendations from the President's Working Group on Digital Asset Markets report.
Since Trump took office, under Pham's leadership, the CFTC has taken multiple crypto-friendly actions over the past year, including launching the "Crypto Sprint" initiative to clarify cryptocurrency regulations. Last week, Pham announced that Bitnomial became the first exchange approved by regulators to list spot cryptocurrency products. On Wednesday, cryptocurrency exchange Gemini received CFTC approval to begin offering classic binary outcome contracts.
