The US CFTC has withdrawn its 2020 guidance focusing on the "physical settlement" of digital assets.

Acting Chair Caroline Pham of the U.S. Commodity Futures Trading Commission (CFTC) said the agency is withdrawing “outdated and overly complex guidance” related to the delivery of digital assets. On Thursday, Pham stated that the agency will withdraw its 2020 guidance under the Dodd-Frank Act, a federal law passed in 2010 to address the 2008 financial crisis. The guidance focused on the “physical delivery” of digital assets. Pham said this was part of recommendations in a report by the President’s Working Group on Digital Asset Markets. This summer, the White House released a lengthy report on cryptocurrencies, addressing illicit finance and taxation issues, and making recommendations on granting the CFTC regulatory power over digital assets. (The Block)