CFTC updates guidance on tokenized assets, blockchain records after failed vote
The CFTC updated its crypto guidance to clarify that registered firms may invest customer funds in tokenized assets if the tokenized version gives holders the same or functionally equivalent legal and economic rights as the traditional asset. It also said it would not object to blockchain-based recordkeeping under the updated framework. CFTC Chair Michael Selig framed the changes as part of efforts to give the crypto industry more regulatory clarity. The update came shortly after the Senate failed to advance the CLARITY Act, which was expected to define the CFTC and SEC’s roles in digital asset oversight. With Congress unlikely to pass market-structure legislation soon, regulators are increasingly moving ahead on their own through rulemaking. The CFTC has already sent a crypto regulation plan to the White House, and the SEC has signaled it is also prepared to issue crypto rules without new legislation.
