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Commodities Futures Trading Commission Regulatory Reform

The United States Commodities Futures Trading Commission was created in 1974 to regulate commodity futures and option markets. The Commission’s mission is to protect market participants and the public from... more +
The United States Commodities Futures Trading Commission was created in 1974 to regulate commodity futures and option markets. The Commission’s mission is to protect market participants and the public from fraud, abuse, and systemic risk associated with derivatives subject to the Commodities Exchange Act. In 2010, as a result of the Frank-Dodd Wall Street Reform and Consumer Protection, the Commission’s role was expanded to include drafting rules for regulating the swaps marketplace. less -
Jones Day

Securities on a Sliding Scale: Inside "Project Crypto's" New Approach to Digital Assets

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On November 12, 2025, Securities and Exchange Commission ("SEC") Chairman Paul S. Atkins spoke at the Federal Reserve Bank of Philadelphia regarding the SEC's "Project Crypto" initiative, which aims to create a clear and...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - November 13, 2025

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Senate Agriculture Committee Releases Discussion Draft of Bipartisan Market Structure Bill - On Nov. 10, the U.S. Senate Committee on Agriculture, Nutrition & Forestry (Committee) released a discussion draft of legislation...more

McGuireWoods Consulting

Senate Releases Bipartisan Draft To Regulate Digital Commodity Markets

McGuireWoods Consulting on

Overview - On Nov. 10, 2025, Senate Agriculture Committee Chairman John Boozman, R-AR, and Sen. Cory Booker, D-NJ, released a bipartisan discussion draft to establish a federal framework for regulating spot digital...more

Davis Wright Tremaine LLP

Senate Agriculture Committee Releases Bipartisan Crypto Market Structure Discussion Draft

On November 10, 2025, Senator John Boozman (R-AR), Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry, and Senator Cory Booker (D-NJ) released a bipartisan discussion draft building upon the Digital...more

Baker Donelson

CFTC Withdraws Voluntary Carbon Credit Derivatives Listing Guidance

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The Commodity Futures Trading Commission (CFTC) withdrew its guidance on the listing of voluntary carbon credit derivative contracts (VCCs) on September 10, 2025. This decision marks a significant shift in the regulatory...more

Paul Hastings LLP

What You Should Know About the CFTC, Part 3: Looking Forward

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In Part 3 of this three-part series, we address the current outlook of the CFTC and how it may evolve given changes in leadership. In late October, the Trump administration nominated Michael Selig to serve as the new CFTC...more

Whiteford

Client Alert: GENIUS and CLARITY in Practice: Action Steps for Crypto Compliance

Whiteford on

The next 12 months will separate leaders from laggards in U.S. digital finance. Congress’s passage of the GENIUS Act and rapid advancement of the CLARITY Act signal a turning point for stablecoin issuers, DeFi platforms,...more

Mayer Brown Free Writings + Perspectives

NFA Streamlines Process for Virtual Currency Activities by CFTC Registrants

On October 17, 2025, the National Futures Association (“NFA”) announced a proposal to repeal requirements that firms that are registered with the Commodity Futures Trading Commission (“CFTC”) must make certain disclosures to...more

Akin Gump Strauss Hauer & Feld LLP

NFA Repeals NFA Interpretive Notice 9073 and Amends NFA Compliance Rule 2-51

The NFA adopted Interpretive Notice 9073 in 2018 when the virtual currency market was far smaller and outside of the mainstream markets. By requiring NFA members to inform their customers that the NFA did not have authority...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - October 23, 2025

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On Oct. 23, President Donald Trump issued a presidential pardon for Changpeng Zhao, the founder of cryptocurrency exchange Binance, who in 2023 had plead guilty to various money laundering charges. In a statement, White House...more

Morrison & Foerster LLP

CFTC Announces Policy Governing Criminal Referrals to Department of Justice

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The CFTC issued the Policy Statement and prior Staff Advisory Letter 25-19 in response to Executive Order 14294, “Fighting Overcriminalization in Federal Regulations,” issued on May 9, 2025. The Executive Order directs...more

Skadden, Arps, Slate, Meagher & Flom LLP

Democratic DeFi Proposal Highlights Competing Visions for Cryptoasset Market Structure Regulation

A new Democratic counterproposal on DeFi regulation highlights several policy differences over how to regulate digital asset market structure in the U.S. Due to policy disagreements, lawmakers remain at odds over the timeline...more

Katten Muchin Rosenman LLP

SEC Chairman Paul Atkins Charts a New Regulatory Approach for Digital Assets

Securities and Exchange Commission (SEC) Chairman Paul S. Atkins promoted a forward-looking regulatory agenda centered on innovation, market competitiveness, and long-term predictability at the Futures and Derivatives Law...more

Paul Hastings LLP

DeFi Proposal Pauses Market Structure Talks, First Staking Spot ETPs Launch in the US, and Treasury and IRS Release Guidance

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As the federal government shutdown continues, digital asset policy attention has shifted toward tax, banking supervision and market structure negotiations. On Capitol Hill, bipartisan Senate talks on crypto market structure...more

Katten Muchin Rosenman LLP

CFTC Acting Chairman Pham Outlines a Technology‑Neutral Approach to Digital Assets and Agency Modernization

At the Futures and Derivatives Law Report Digital Asset Leadership Summit, Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham described a measured and practical approach to digital assets and market...more

Paul Hastings LLP

SEC Issues No-Action Letters, SEC-CFTC Host Joint Roundtable, SEC Chair Outlines IPO Reforms and California and New York Release...

Paul Hastings LLP on

The past week saw significant regulatory activity, reflecting growing momentum toward inter-agency coordination and the modernization of U.S. financial oversight. The SEC issued two no-action letters — one addressing the use...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - October 2, 2025

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On Sept. 30, the Securities and Exchange Commission (SEC) issued a no-action letter granting relief to registered investment advisers (RIAs) and registered funds (funds) that seek to use state-chartered trust companies (state...more

Katten Muchin Rosenman LLP

Breaking Barriers: SEC-CFTC Host Historic Harmonization Roundtable

In what the agencies are touting as “a new era of collaboration” and “a new day for US capital markets,” the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) held a historic joint...more

Skadden, Arps, Slate, Meagher & Flom LLP

CFTC Proposes Eliminating the Pre-Trade Mid-Market Mark Requirement

On September 24, 2025, the Commodity Futures Trading Commission (CFTC) issued a Notice of Proposed Rulemaking proposing amendments to the CFTC’s business conduct and swap trading relationship documentation rules applicable to...more

Benesch

Cryptocurrency Summer 2025 Roundup: What You Missed & What’s Ahead

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Congress passed the GENIUS Act in July, the first comprehensive U.S. federal law regulating stablecoins. Most notably, the GENIUS Act eliminates ambiguity by defining stablecoins as not a security or commodity....more

Bracewell LLP

CFTC Withdraws Guidance on Listing Voluntary Carbon Credit Derivatives: What a Difference an Election Makes

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The Commodity Futures Trading Commission (CFTC or Commission) announced September 10, 2025, that it is withdrawing its “Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts.” The Guidance, a...more

Wilson Sonsini Goodrich & Rosati

CFTC Withdraws Voluntary Carbon Credit Derivatives Listing Guidance

On September 10, 2025, the Commodity Futures Trading Commission (CFTC) issued a brief statement announcing the withdrawal of its previously issued guidance regarding the listing of voluntary carbon credit (VCC) derivative...more

Beveridge & Diamond PC

CFTC Withdraws Guidance on Voluntary Carbon Credit Derivatives

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On September 10, 2025, the Commodity Futures Trading Commission (CFTC) formally withdrew its October 15, 2024 guidance titled “Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts.” Issued...more

Polsinelli

Blockchain+ Bi-Weekly—Senate Market Structure Released and Administrative Agencies Release Joint Statements on Planned Digital...

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As expected, September started with what has been dubbed a “crypto sprint,” as various branches of government look to quickly put into place digital asset regulations and legislation before the end of the year. In the Senate,...more

Mintz

CFTC Withdraws Guidance on Carbon Credits

Mintz on

On September 10, 2025, the Commodities Futures Trading Commission withdrew guidance--promulgated by the Biden Administration in September 2024--concerning the market for voluntary carbon credits. Specifically, the CFTC...more

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