2025-12-11 20:21:19

CFTC Acting Chair Caroline Pham recently made a big move—she is preparing to abolish the old rule from 2020 regarding the "actual delivery" of digital assets. Her reasoning is quite straightforward: this framework, based on the Dodd-Frank Act, now looks outdated and convoluted, and should have been phased out long ago.

Interestingly, this move aligns perfectly with the ideas of the White House's digital asset working group. The group has been pushing for a reassessment of delivery standards and also aims to grant the CFTC greater authority in the crypto space. In other words, a major regulatory overhaul is brewing, as the old framework clearly no longer keeps pace with industry developments.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
9
Repost
Share

Comment

0/400

SmartContractWorker

· 7h ago

Ha, the CFTC is finally about to take action. This framework definitely needs a refresh. Forget it, let's wait until the new regulations are implemented. Right now, it's all just on paper. Pham's move is quite clever; with the White House's cooperation, it seems they've really gotten anxious. Dodd-Frank's set of rules, to be honest, has long been out of sync with the current pace. Is this a good thing or a bad thing? Hard to say. Regulatory restructuring feels like a major upheaval is coming. The industry needs to break free from these outdated rules.

View OriginalReply0

SelfStaking

· 12h ago

Well... this time Pham is really serious. The rules from 2020 definitely need a refresh. The old rules can't keep up with the pace. Is regulation about loosening up or finding a new way to restrict us? The White House working group is acting together with the CFTC, and it feels like the influence in crypto is shifting. Finally, someone has identified the issues with that framework, but we've had to wait so long. A major regulatory overhaul is coming. It depends on how the new framework is designed—that's the real key.

View OriginalReply0

GmGmNoGn

· 18h ago

Regulation is finally starting to retreat, and this wave is indeed a signal. The old rules definitely deserve to die.

View OriginalReply0

LazyDevMiner

· 12-11 20:51

Wait, are the rules from 2020 really going to change? Finally, someone couldn't hold back anymore.

View OriginalReply0

RektRecovery

· 12-11 20:44

ngl, saw this coming from a mile away. dodd-frank settlement framework was always gonna be the weak link once the industry scaled up. classic case of legacy regs getting strangled by their own complexity... now they're just admitting it publicly lol

Reply0

AltcoinHunter

· 12-11 20:38

Deregulation? Now this is getting interesting. The old framework is finally going to die. But to be honest, whether this is good news or a trap for retail investors, I really can't tell... --- Pham played this move beautifully, but I just want to know if a new round of retail harvesting will happen once the new rules come out... --- The White House working group and CFTC are causing trouble together. Looks like crypto is really about to become legit? Or are they just changing tactics to cut us again? --- Eliminating the old framework is a good thing, but what about the new one? Can we really expect these people to come up with something good? Haha --- If the rules really change, will potential coins see a surge? I feel there might be a chance... --- Talking about "not keeping up with industry pace," actually it's just that the current rules are too strict, and they want to loosen them. If the delivery standards change, how crazy will the contract market become? --- It's another "big adjustment" rumor I’ve heard too many times... How long will it really take to implement?

View OriginalReply0

GasFeeSurvivor

· 12-11 20:35

Haha, finally someone is going to challenge those old and outdated rules. They should have been changed long ago. Regulation has finally started to catch up, but the real implementation depends on how they modify it. Caroline Pham's move is quite fierce; the White House working group is cooperating in a show, which seems to be trying to give the CFTC more power. Honestly, the framework from 2020 is indeed outdated, but new rules might create new problems again. The key now is to see how future regulations will be set—whether they will become even stricter and more restrictive. This signals a good direction; finally, it feels like someone is serious about reform. If you ask me, instead of clinging to old rules, it’s better to implement a new framework outright to avoid unnecessary hassle. The Dodd-Frank framework should have been upgraded long ago, but no one dared to move. Wait, will this reform also affect the futures sector?

View OriginalReply0

FastLeaver

· 12-11 20:31

Oh wow, someone finally started to break these outdated and rotten regulations. It was about time for a change.

View OriginalReply0

UnluckyMiner

· 12-11 20:25

The outdated framework is finally about to move, giving hope to the crypto market. The CFTC has finally remembered to keep up with the times.

View OriginalReply0