๐บ๐ธ Urgent: CFTC withdraws the old "actual delivery" guidelines for crypto, giving platforms tremendous operational flexibility in leveraged trading!
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๐ข Bold announcement:
โ Caroline Pham, the acting chair of the CFTC, announced the withdrawal of the 2020 guidelines that defined "actual delivery" for virtual currencies in digital commodity transactions
โ It imposed a 28-day window for full control over assets, hindering liquidity and innovation in DeFi and leveraged trading
โ The move is part of Trump's efforts for crypto-friendly policies, reassessing the guidelines based on market developments over the past five years
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๐ก Analysis:
โ The old guidelines have become "complex and punitive," according to Pham, and are at odds with market growth and advanced custodial practices
โ The withdrawal paves the way for new guidelines that fit tokenization and digital markets, focusing on effective oversight without old constraints
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โก Why does it matter to you?
โ It reduces the compliance burden on platforms, accelerating innovation in futures and stablecoins, and enhances institutional adoption
โ It opens doors for greater liquidity in Bitcoin and Ethereum, which could drive prices higher in a market exceeding $3 trillion
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