CFTC’s New Guidance on Digital and Tokenized Assets
Understanding the CFTC’s New Guidance on Digital and Tokenized Assets 1. Introduction: A Major Shift in Digital Finance On December 8, 2025, the U.S. Commodity Futures Trading Commission (CFTC) launched a landmark “Digital Assets Pilot Program,” signaling a significant evolution in U.S. financial regulation. The core purpose of this program is to establish clear rules…
