๐จ๐.๐. ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฌ ๐ ๐ข๐ง๐๐ฅ๐ฅ๐ฒ ๐๐ญ๐จ๐ฉ ๐๐ฅ๐จ๐๐ค๐ข๐ง๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ โฆ ๐๐ก๐๐ญ ๐๐ญ ๐๐๐๐ง๐ฌ ๐๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ๐ฌ โ
The U.S. crypto regulatory landscape is entering a new era of change, and itโs happening fast. Hereโs the breakdown:
โ ๏ธ 1. New leadership on the horizon
Michael Selig, Trumpโs nominee for CFTC Chair, just cleared a narrow committee vote (12-11) and now heads for a full Senate confirmation. Selig, currently chief counsel for the SECโs Crypto Task Force, promises to make the U.S. โthe Crypto Capital of the Worldโ while balancing innovation with market safeguards.
Why it matters: the CFTC has been operating with only one commissioner since September, limiting its ability to implement major crypto policies. Seligโs confirmation could fill a critical leadership gap.
โ ๏ธ 2. โActual deliveryโ guidance is gone
Acting Chair Caroline Pham announced the withdrawal of the 2020 โactual deliveryโ rules, which required exchanges to hold crypto for 28 days to be compliant.
Result:
ย โข $BTC , $ETH , and other digital assets are now under a tech-neutral framework, simplifying compliance for exchanges
ย โข Listing new products is much easier
ย โข Spot crypto trading on federally regulated futures venues is now officially allowed, bringing digital assets to platforms operating under federal oversight for decades
In short: the regulatory burden for exchanges is reduced, making it easier for institutional and retail investors to access spot crypto safely.
โ ๏ธ 3. Collateral and pilot programs
The CFTC is running a Crypto Sprint pilot, allowing $BTC , Ether, USDC, and tokenized Treasuries to be used as collateral in derivatives markets. Weekly reporting ensures regulators have real-time visibility.
Key takeaway: the agency is experimenting, opening doors for tokenized collateral under existing frameworks - a big step for bridging traditional finance and crypto.
