[US CFTC Revokes 2020 Guidance on 'Actual Delivery' of Digital Assets] BlockBeats News, December 12 – The U.S. Commodity Futures Trading Commission (CFTC) is revoking an 'outdated and overly complex guidance document' related to the delivery of digital assets. Acting CFTC Chair Pham stated on Thursday that the CFTC will revoke the guidance issued in 2020 under the Dodd-Frank Act. The Dodd-Frank Act, introduced in 2010, is a regulatory reform law implemented in the U.S. following the 2008 financial crisis. This guidance primarily focused on the 'actual delivery' of digital assets. Pham noted that this move is aimed at implementing recommendations from the President’s Working Group on Financial Markets' report on digital assets. This summer, the White House released an extensive report on cryptocurrencies, covering issues such as illicit financial activities and taxation, and recommended granting the CFTC broader regulatory authority over digital assets. In a statement, Pham said: 'Today’s announcement demonstrates that decisive action can bring real progress in protecting Americans by providing safe access to U.S. markets.' Under Pham's leadership, the CFTC has launched several initiatives over the past year, since the Trump administration, to adopt a more crypto-friendly approach. These include the launch of the 'Crypto Sprint' initiative to clarify crypto-related regulations. Last week, Pham announced that Bitnomial became the first exchange to launch a CFTC-approved spot crypto product. On Wednesday, Gemini Exchange also received CFTC approval to begin offering traditional binary event contracts. Another notable development this week is that the U.S. Office of the Comptroller of the Currency (OCC) confirmed that compliant national banks can engage in 'riskless principal' transactions involving crypto assets.