CFTC Scraps Outdated Crypto Rules in Push for Modern Market Oversight
The Commodity Futures Trading Commission is clearing regulatory cobwebs. Acting Chair Caroline Pham confirmed the withdrawal of 2020-era digital asset delivery guidelines tied to Dodd-Frank—a move signaling Washington's recognition that crypto markets demand tailored frameworks rather than legacy financial reforms.
Industry heavyweights are already mobilizing. The newly formed CEO Innovation Council reads like a who's who of crypto leadership: Gemini's Tyler Winklevoss, Kraken's Arjun Sethi, and Polymarket's Shayne Coplan will collaborate with traditional finance giants including Nasdaq and CME Group. This coalition assembled in just two weeks underscores the breakneck pace of institutional crypto convergence.
Their mandate? Spearhead derivatives market evolution with laser focus on tokenization, blockchain infrastructure, and round-the-clock digital asset trading—the very areas where outdated regulations had created friction.
