Vice President Caroline Pham stated that this is "very old and complex guidance." The repeal of the procedures is part of the recommendations of the White House Digital Assets Working Group report, providing more flexibility in compliance for exchanges.
At the same time, the CFTC has launched a pilot program allowing the use of BTC, ETH, and USDC as collateral for derivatives - this is a real benefit.
ETH
2,931.62
-0.84%