The U.S. CFTC explicitly stops regulating the cryptocurrency industry through litigation
Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, expressed support for the Department of Justice's announcement to terminate its policy of regulating the cryptocurrency industry through prosecution, and directed the CFTC not to bring lawsuits on grounds of violating registration terms under the Commodity Exchange Act in digital asset-related cases where defendants lack subjective intent. In addition, she has adjusted enforcement department functions to promote rapid resolution of compliance backlogs that do not involve customer harm or market abuse.
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