CFTC Scraps Outdated Crypto Delivery Rule, Provides More Flexibility to Exchanges
The CFTC has withdrawn its 2020 guidance on 'actual delivery' in cryptocurrency transactions, effective December 12, 2025. This move eliminates restrictive margin trading and leverage requirements, granting exchanges greater operational freedom.
Market participants welcome the change but note lingering uncertainty. The CFTC has not yet replaced the withdrawn guidance with new definitions, leaving questions about future regulatory frameworks.
The decision follows feedback from the President's crypto Working Group. Industry observers anticipate this could accelerate institutional adoption of crypto derivatives and spot markets.