CFTC Clarifies Crypto Rules After Clarity Act Stalls

The updates address investments of customer funds in tokenized forms of permitted investments and the use of blockchain technologies to meet a registrant’s recordkeeping requirements, according to the release.

The updates appear in the CFTC’s FAQs Concerning Registrant and Registered Entity Activities Relating to Crypto Assets and Blockchain Technologies, per the release.

The CFTC originally released the FAQs on March 20, providing responses to frequently asked questions about topics address in CFTC Staff Letter 25-39 (Tokenized Collateral Guidance) and CFTC Staff Letter 26-05 (Staff No-Action Position Regarding Digital Assets Accepted as Margin Collateral).

“I’m pleased to see staff update these frequently asked questions consistent with the agency’s ongoing efforts to provide regulatory clarity for the crypto industry,” CFTC Chairman Michael S. Selig said in the release.

In another, separate move, on Sept. 17, the CFTC submitted to the Office of Management and Budget a proposal to regulate crypto asset transactions and crypto asset markets.