CFTC withdraws internal administrative guidance related to the digital asset derivatives market

The United States Commodity Futures Trading Commission (CFTC) has withdrawn internal administrative guidance related to the digital asset derivatives market.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.

The United States Commodity Futures Trading Commission (CFTC) has withdrawn internal administrative guidance related to the digital asset derivatives market.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The media noted, "The guidelines that were withdrawn have been criticized for being excessively ambiguous or overly enforcement-focused," adding, "This move is interpreted as a shift to address such concerns."

The CFTC is currently accepting public comments on a proposal to create a new regulatory framework for the digital asset derivatives market. This framework aims to balance innovation with consumer protection and systemic risk management.

The industry is keenly interested in the CFTC's efforts to provide clear and consistent regulation for the digital asset derivatives market. This move is expected to foster greater participation and integration of institutional investors in the crypto sector.

As the digital asset market continues to evolve rapidly, the CFTC's actions will be closely monitored by market participants and regulators worldwide. This initiative underscores the dynamic nature of financial regulation in response to technological advancements and market demands.

output: The United States Commodity Futures Trading Commission (CFTC) has withdrawn internal administrative guidance related to the digital asset derivatives market, aiming to enhance regulatory clarity and alleviate uncertainty in the industry, a media outlet reported on Thursday.

According to CoinQu, the CFTC announced that it would be withdrawing two existing administrative guidelines that were previously used as internal directives within the CFTC or as informal compliance guidelines within the industry.

This decision, made jointly by the CFTC's Division of Market Oversight and the Division of Clearing and Risk, is part of a broader move by the CFTC to establish a new regulatory structure for the digital asset derivatives market that aligns with the current market environment.

"This measure is focused on building a regulatory framework that matches the maturity of the digital asset market," said Acting Chair Caroline Pham. "It reflects the principle that innovation should be encouraged while appropriate supervision must accompany it."

Director of the Division of Enforcement Brian Young added, "This announcement will form part of a balanced regulatory strategy that harmonizes consumer protection and market growth."

The media outlet noted that the withdrawn guidelines, which were providing internal administrative direction within the CFTC, had been criticized for being excessively ambiguous or overly focused on enforcement. This move by the CFTC is seen as a shift to address such concerns.

Currently, the CFTC is accepting public comments on a proposal to create a new regulatory framework for the digital asset derivatives market, which would be designed to balance innovation with consumer protection and systemic risk management.

The industry is awaiting the CFTC's final rules, which are expected to determine the future of institutional involvement in the crypto sector. This integration is crucial for the long-term health and stability of the digital asset ecosystem.

As the digital asset market continues its rapid evolution, the CFTC's actions are being closely monitored by market participants and regulators globally. This initiative underscores the dynamic nature of financial regulation in response to technological advancements and market demands.

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