CFTC Commissioner Stump outlined the agency's regulatory and enforcement authority with respect to digital assets. Commissioner Stump noted the proliferation of digital assets has resulted in the "grossly inaccurate oversimplification" that such assets are either SEC-regulated securities or CFTC-regulated commodities.
The U.S. House Committee on Financial Services Task Force on Artificial Intelligence considered testimony on how emerging technologies such as artificial intelligence, machine learning and blockchain can contribute to building digital identity infrastructure.
The CFTC's Market Participants Division and Division of Market Oversight extended previously granted no-action relief aimed at ensuring regulatory continuity after the United Kingdom's departure from the European Union.
Several trade groups expressed support for CFTC-proposed amendments to uncleared swap margin requirements. The groups offered additional recommendations to enhance the proposals or further their intended impact.
In a 3-2 vote, the CFTC adopted a final rule that applies federal speculative position limits to 25 "core referenced futures contracts," including futures and options linked to those contracts and economically equivalent swaps.