The U.S. Commodity Futures Trading Commission (CFTC) announced the withdrawal of two crypto advisories to simplify regulations. Both advisories, focusing on guidelines for crypto derivatives, were recognized as outdated due to significant advancements in the cryptocurrency market.

Acting Chair Caroline Pham advocates for a return to basic principles in CFTC operations. This includes streamlining teams for efficient enforcement and ensuring equal treatment of crypto derivatives compared to other financial products. Experts suggest this reflects a broader restructuring of the agency.