United States of America: Commodity Futures Trading Commission terminated advisory on the risks associated with the expansion of Derivatives Clearing Organisation clearing of digital assets (Staff Advisory No. 23-07)

On 28 March 2025, the Commodity Futures Trading Commission (CFTC) announced that its Division of Clearing and Risk (DCR) had withdrawn Staff Advisory No. 23-07, titled Review of Risks Associated with Expansion of Derivatives Clearing Organization (DCO) Clearing of Digital Assets. The withdrawal is effective immediately. The advisory, originally issued on 30 May 2023, outlined considerations for DCOs and applicants expanding into digital asset clearing. It addressed potential risks related to system safeguards, conflicts of interest, and physical delivery, and noted that DCOs should assess and mitigate risks specific to digital asset-related activities. According to the withdrawal notice, DCR withdrew the advisory to avoid the implication that digital asset derivatives are subject to a different regulatory framework than other derivatives products.