U.S. CFTC's Pham Moves to Update 'Actual Delivery' Guidance on Crypto

Source: CryptoNewsNet Original Title: U.S. CFTC’s Pham Moves for Do-Over on ‘Actual Delivery’ Guidance on Crypto Original Link: U.S. Commodity Futures Trading Commission Acting Chairman Caroline Pham has moved again to advance President Donald Trump’s crypto agenda by eliminating old guidance on “actual delivery” of crypto commodities that she suggested might get in the way of the next steps.

“Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the administration has set out to do this year,” said Pham in a Thursday statement.

The guidance, established in 2020 during Trump’s first term, had sought to define “actual delivery” of assets during a crypto commodity transaction — a key concept under the Commodity Exchange Act. Law firm Steptoe had sought formal guidance from the CFTC defining the term as it applied to digital assets as far back as 2016. But the President’s Working Group report on the administration’s digital assets agenda earlier this year recommended that the CFTC should “consider expanding upon prior guidance on ‘actual delivery’ of virtual assets.”