The U.S. CFTC has clearly stopped regulating the encryption asset industry through litigation.

On April 10, Caroline D. Pham, acting chair of the Commodity Futures Trading Commission (CFTC), expressed support for the Department of Justice’s announcement to terminate the policy of regulating the encryption asset industry through prosecution, and instructed the CFTC not to file lawsuits in digital asset-related cases on the grounds of violating registration provisions of the Commodity Exchange Act if the defendant lacks subjective intent. In addition, she has adjusted the functions of the enforcement department to promote the rapid resolution of compliance backlogs that do not involve customer harm or market abuse.