“In what are likely her final days at the agency, the acting chairman checked another box from President Donald Trump’s crypto agenda.”, — write: www.coindesk.com
“Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the administration has set out to do this year,” said Pham in a Thursday statement.
The guidance, established in 2020 during Trump’s first term, had sought to define “actual delivery” of assets during a crypto commodity transaction — a key concept under the Commodity Exchange Act. Law firm Steptoe had sought formal guidance from the CFTC defining the term as it applied to digital assets as far back as 2016. But the President’s Working Group report on the administration’s digital assets agenda earlier this year recommended that the CFTC should “consider expanding upon prior guidance on ‘actual delivery’ of virtual assets.”
The CFTC needed to cut the original document “in order to reevaluate such guidance in light of further developments during the past 5 years in the means and methods deployed in the spot market for the purchase and sale of virtual currencies,” it noted in the withdrawal notice.
Pham has driven a rapid series of crypto policy moves at the agency in the past couple of weeks, even as Trump’s nominee to permanently replace her, Mike Selig, is heading toward a potential confirmation as soon as next week.
Read More: The CFTC Just Defined What ‘Actual Delivery’ of Crypto Should Look Like
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- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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