The CFTC Advisory Committee on Emerging Regulatory Issues voted to advance the classification of digital assets
The U.S. CFTC Global markets Advisory Committee voted at its meeting on Wednesday to advance the classification of digital assets. The committee stated that this classification is "unprecedented in providing regulatory clarity" and aims to assist in drafting future legislation and regulations. The voting results suggest that a comprehensive classification of digital assets should be developed by its Digital Assets Market Subcommittee. This proposal is currently being submitted for CFTC review, with the aim of standardizing terms for regulatory clarity, covering digital assets, central bank digital currencies, stablecoins, etc.
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