CFTC Aligns Digital Asset Oversight with Other Assets

According to PANews, the U.S. Commodity Futures Trading Commission (CFTC) is adjusting its review of risks associated with digital asset clearing and trading to align with its oversight of other assets. In a recent statement, the CFTC announced the withdrawal of two staff advisories to ensure there is no implication that digital asset derivatives will be treated differently from other products. This change may facilitate the listing of cryptocurrency futures by digital asset companies. The move affects a trading advisory from 2018 and a clearing advisory from 2023. The agency noted that the trading advisory is no longer necessary as its staff has gained sufficient experience with virtual currency derivatives over the years. The CFTC emphasized that the same principles apply to the listing of any derivative product, including the requirement that products should not be easily manipulated. The agency assured that this withdrawal will not impact its ability to oversee derivatives market clearing and prevent systemic risks.