CFTC guidance originally released in March was updated to include changes to policies on keeping records using blockchain and companies investing user funds in tokenized forms.
- The CFTC has updated its guidance on tokenized assets and blockchain recordkeeping, allowing customer funds to be invested in tokenized forms if legal rights are equivalent to traditional assets.
- The regulator will not object to the use of blockchain-based recordkeeping under the new rules, aiming to provide regulatory clarity for the crypto industry.
- This update comes after the failure of the Digital Asset Market Clarity Act in the Senate, suggesting regulators will continue to advance policies through rulemaking in the absence of congressional action.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, 3 1 securities law classification, 2 3 regulatory sandboxes pilots, 6 1 ethereum evm l 1 s
Tags: #cftc #tokenizedassets #blockchainrecords #regulatoryclarity #digitalassetmarketclarityact #sec #rulemaking #customerfunds #legalrights