CFTC Global Market Advisory Committee Approves Digital Asset Classification

According to PANews, the Global Market Advisory Committee of the US Commodity Futures Trading Commission (CFTC) voted to approve a digital asset classification during a meeting on Wednesday, which is now awaiting CFTC review. The classification aims to establish standardized terminology to improve regulatory clarity and assist in drafting future legislation and regulations, covering digital assets, central bank digital currencies, and stablecoins. This approach builds on the work of global standard-setters such as the Financial Stability Committee.