U.S. CFTC department head: Some digital asset innovation products may not be subject to specific disclosure requirements of the CFTC

According to the CFTC's official website, Joshua B. Sterling, head of the US Commodity Futures Trading Commission's swap dealer and brokerage oversight agency (DSIO), issued a statement on supporting innovation in digital asset products, including joint investment vehicles. He said the department actively supports the core goals of the CFTC, which is to promote responsible innovation and strengthen the regulatory experience of market participants. Employees in this department are always ready to help innovators and trailblazers with new products, including joint investment vehicles seeking investment exposure to digital assets such as Bitcoin and stablecoins. He also stated that he hopes to do his part to help market participants ensure that these innovations can develop in a practical way consistent with the law. The scope of this help applies to some products that "may not be subject to specific disclosure requirements of the CFTC and review of NFA disclosure documents."