CFTC Chairman: FAQs on Crypto Assets and Blockchain Business Issued to Strengthen Regulatory Consistency

Odaily News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on X platform stating that the regulatory agency has issued a Frequently Asked Questions (FAQ) document regarding crypto assets and blockchain-related businesses, further clarifying compliance guidance for registered institutions and trading entities. It is reported that the content addresses issues such as tokenized collateral and digital assets used as margin, supplementing and explaining two previously issued staff letters (Guidance on Tokenized Custody and No-Action Relief for Digital Asset Margin), providing market participants with a clearer operational framework. Mike Selig added that as "Project Crypto" becomes a joint initiative, aligning with the U.S. Securities and Exchange Commission (SEC) is also an important step in promoting clarity and uniformity in crypto regulatory rules.