CFTC撤回了兩個與加密相關的員工指導，進一步簡化了其加密法規的方法

美國商品期貨貿易委員會（CFTC）在周五撤回了兩項與加密貨幣相關的員工指導，進一步簡化了其加密法規的方法。

The U.S. Commodity Futures Trading Commission (CFTC) on Friday withdrew two pieces of crypto-related staff guidance, further streamlining its approach to crypto regulation as part of Acting Chair Caroline Pham’s plan for the agency “get back to the basics.”

美國商品期貨貿易委員會（CFTC）週五撤回了兩項與加密相關的員工指導，進一步簡化了其對加密貨幣法規的方法，這是代理主席卡羅琳·帕姆（Caroline Pham）計劃“重新獲得基礎知識”的一部分。

The first advisory rescinded on Friday was Staff Advisory No. 18-14, Advisory with Respect to Virtual Currency Derivative Product Listings. Originally published in May 2018, the advisory established guidelines for crypto-related derivatives, including requiring reporting firms to maintain “close coordination with [the] CFTC surveillance group” and establishing a large trader reporting threshold of five bitcoins (or the equivalent value for other cryptocurrencies), among other suggestions. On Friday, the CFTC published a letter saying that “additional staff experience” and “increasing market growth” had rendered the guidance unnecessary.

週五廢除的第一份諮詢是第18-14號員工諮詢，這是關於虛擬貨幣衍生產品清單的諮詢。該諮詢公司最初於2018年5月發布，建立了與加密相關的衍生產品的指南，包括要求報告公司維持“與CFTC監視小組的密切協調”，並在其他建議中建立了五個比特幣的大型交易者報告閾值（或其他建議的等價價值）。週五，CFTC發表了一封信，稱“額外的員工經驗”和“不斷增長的市場增長”使該指導不必要。

The second advisory, Staff Advisory No. 23-07, Review of Risks Associated with Expansion of DCO Clearing of Digital Assets, from May 2023, “emphasize[d] compliance” with CFTC regulations due to the “hieghtened cyber and other operational risks that may be associated with digital assets.” This guidance was withdrawn for another reason — to clearly treat crypto-related derivatives and their issuers fairly, the CFTC suggested. In a separate letter on Friday, the CFTC said it was rescinding Staff Advisory No. 23-07 “to ensure that it does not suggest that its regulatory treatment of digital asset derivatives will vary from its treatment of other products.”

第二次諮詢第23-07號的員工諮詢，從2023年5月開始，對數字資產的擴展的風險進行了審查，“強調[D]符合CFTC法規，這是由於“ Hieghten的網絡和其他可能與數字資產相關的運營風險”而引起的。 CFTC建議，該指南是出於另一個原因而出於另一個原因 - 清楚地對待與加密相關的衍生產品及其發行人。 CFTC在周五的另一封信中說，它正在撤銷23-07號員工諮詢，以確保其不建議其對數字資產衍生品的監管處理將因其對其他產品的處理而有所不同。”

The CFTC’s sister regulatory agency, the U.S. Securities and Exchange Commission (SEC), has overhauled its approach to crypto regulation since President Donald Trump took office in January.

自1月份總統唐納德·特朗普（Donald Trump）上任以來，CFTC的姊妹監管機構美國證券交易委員會（SEC）已大修了其加密法規的方法。

Under the new leadership of Acting Chair Mark Uyeda, the SEC has created a Crypto Task Force that has spearheaded its transformation, engaging with the industry and backing down from a host of lawsuits and investigations into crypto companies that began under the leadership of former Chair Gary Gensler.

在代理主席馬克·烏耶達（Mark Uyeda）的新領導下，SEC創建了一個加密特遣部隊，該特遣部隊率領其轉型，與該行業互動，並從一系列訴訟和調查中退縮，並調查了前主席Gary Gensler領導下的加密貨幣公司。

Though the SEC’s rapid transformation may be flashier, the CFTC is currently undergoing a transformation of its own, streamlining its regulatory strategy as part of Acting Chair Caroline Pham’s plan for the agency “get back to the basics.” In addition to the two pieces of dropped crypto-related guidance, the agency has rescinded other non-crypto-related staff advisories and overhauled its enforcement division, slashing a multitude of specialized enforcement teams down to just two, pledging that a simplified enforcement division would be more efficient and “stop regulation by enforcement.”

儘管SEC的迅速轉型可能會更加閃爍，但CFTC目前正在自己​​進行轉型，並簡化了其監管策略，作為代理主席Caroline Pham計劃“重新獲得基礎知識”的一部分。除了兩部分與加密貨幣相關的指導外，該機構還取消了其他與非透明有關的員工諮詢，並大修了其執法部門，削減了眾多的專業執法團隊，承諾只有兩個專門的執法團隊，以表明簡化的執法部門將更有效，並通過執法部門“停止法規”。 ”

Liz Davis, a Washington, D.C.-based partner at Davis Wright Tremaine LLP and a former chief trial attorney in the CFTC’s Division of Enforcement, said she sees the two pieces of rescinded crypto guidance as in line with Pham’s “back to basics” approach to running the agency.

華盛頓特區戴維斯·賴特·特里米（Davis Wright Tremaine LLP）的合作夥伴麗茲·戴維斯（Liz Davis）是CFTC執法部門的前首席審判律師，他說，她認為這兩種被撤銷的加密指導指南與Pham的“ Back to Basics to Basics”方法一致。

But Davis also suggested that the changes could be tied to a larger restructuring going on at the CFTC.

但是戴維斯還建議，這些變化可能與CFTC的更大重組有關。

“They’re probably undergoing a reorganization with everything that's going on with [the Department of Government Efficiency (DOGE)],” Davis said, adding that Pham’s ongoing efforts to “centralize” the CFTC’s operations could help facilitate a reorganization.

戴維斯說：“他們可能正在與[政府效率部（Doge）]所做的一切進行重組。”他補充說，Pham正在為“集中” CFTC的運營而持續的努力可以幫助促進重組。