Withdrawal of Interpretive Guidance: Retail Commodity Transactions Involving Certain Digital Assets

Federal Register / Vol. 90, No. 239 / Tuesday, December 16, 2025 / Rules and Regulations 58149 1 7 U.S.C. 1 et seq. 2Retail Commodity Transactions Involving Certain Digital Assets, 85 FR 37734 (June 24, 2020). 3 Id. at 37741–37743. 4President’s Working Group report on Strengthening American Leadership in Digital Financial Technology at 141, available at: https:// www.whitehouse.gov/crypto/. 5Executive Order 14178, Strengthening American Leadership in Digital Financial Technology, 90 FR 8647 sections 1, 4 (Jan. 31, 2025). 6 5 U.S.C. 801 et seq. Point in Space Alpha fix that appeared in the KOA’s airspace legal description in the final rule. The previous correction failed to fully implement these corrections. This action addresses the remaining corrections needed. Correction to the Final Rule Accordingly, pursuant to the authority delegated to me, FAA Docket No. 2025–1187, published in the Federal Register on November 26, 2025 (90 FR 54228), FR Doc. 2025–21291, is corrected as follows: § 71.1 [Corrected] ■ 1. On page 54230, in the first column under the heading ‘‘AWP HI E4 Kailua￾Kona, HI [Amended]’’, the text is corrected to read as follows: AWP HI E4 Kailua-Kona, HI [Amended] Ellison Onizuka Kona International at Keahole Airport, HI (Lat. 19°44′20″ N, long. 156°02′44″ W) That airspace extending upward from the surface within 2.8 miles each side of the airport’s 186° bearing extending from the airport’s 4.3-mile radius to 5.7 miles south, and within 3.6 miles each side of the airport’s 002° bearing extending from the airport’s 4.3-mile radius to 9.5 miles north. ■ 2. On page 54230, in the second column, under the heading ‘‘AWP HI E5 Kailua-Kona, HI, [Amended]’’, the text is corrected to read as follows: AWP HI E5 Kailua-Kona, HI [Amended] Ellison Onizuka Kona International at Keahole Airport, HI (Lat. 19°44′20″ N, long. 156°02′44″ W) That airspace extending upward from 700 feet above the surface within a 7.4-mile radius of the airport, and within 4 miles each side of the airport’s 002° bearing extending from the 7.4-mile radius to 11 miles north; and that airspace extending upward from 1,200 feet above the surface within 12 miles off the coastline of the Island of Hawaii. Issued in Des Moines, Washington, on December 11, 2025. B.G. Chew, Group Manager, Western Service Center, Operations Support Group. [FR Doc. 2025–22841 Filed 12–15–25; 8:45 am] BILLING CODE 4910–13–P COMMODITY FUTURES TRADING COMMISSION 17 CFR Chapter I [3038–AF64] Withdrawal of Interpretive Guidance: Retail Commodity Transactions Involving Certain Digital Assets AGENCY: Commodity Futures Trading Commission. ACTION: Notice of withdrawal of Commission interpretive guidance. SUMMARY: The Commodity Futures Trading Commission (the ‘‘Commission’’ or ‘‘CFTC’’) is withdrawing the final interpretative guidance published on June 24, 2020, titled ‘‘Retail Commodity Transactions Involving Certain Digital Assets.’’ DATES: The Commission is withdrawing the final interpretive guidance published at 85 FR 37734 (June 24, 2020) as of December 10, 2025. FOR FURTHER INFORMATION CONTACT: Rahul Varma, Acting Director, (202) 418–5353, rvarma@cftc.gov, Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. SUPPLEMENTARY INFORMATION: I. Background On June 24, 2020, the Commission published in the Federal Register final interpretive guidance concerning the term ‘‘actual delivery’’ as set forth in the Commodity Exchange Act (‘‘CEA’’) 1 pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’).2 Specifically, the final interpretive guidance was issued to inform the public of the Commission’s views when determining whether actual delivery has occurred in the context of retail commodity transactions in certain types of digital assets that serve as a medium of exchange, colloquially known as ‘‘virtual currencies’’ (the ‘‘Final VC Actual Delivery Guidance’’).3 II. Withdrawal of Final Interpretive Guidance The Commission has determined to withdraw the Final VC Actual Delivery Guidance in order to reevaluate such guidance in light of further developments during the past five years in the means and methods deployed in the spot market for the purchase and sale of virtual currencies and the derivatives markets connected to such spot market. The Commission has further determined that withdrawal is appropriate based on the findings and recommendations for the CFTC contained in the report of the President’s Working Group on Digital Asset Markets, Strengthening American Leadership in Digital Financial Technology,4 established by Executive Order 14178.5 After careful review, the Commission believes that the Final VC Actual Delivery Guidance is likely outdated and thus provides limited value to market participants and, further, may conflict with the ongoing work of the Commission necessary to implement the President’s Working Group’s recommendations. III. Executive Order 12866 The Office of Management and Budget has determined that this action is not a significant regulatory action as defined in Executive Order 12866, as amended, and therefore it was not subject to Executive Order 12866 review. Pursuant to the Congressional Review Act,6 the Office of Information and Regulatory Affairs has designated this rule as not a ‘‘major rule,’’ as defined by 5 U.S.C. 804(2). Issued in Washington, DC, on December 11, 2025, by the Commission. Christopher Kirkpatrick, Secretary of the Commission. Note: The following appendix will not appear in the Code of Federal Regulations. Appendix to Withdrawal of Interpretive Guidance: Retail Commodity Transactions Involving Certain Digital Assets—Commission Voting Summary On this matter, Acting Chairman Pham voted in the affirmative. No Commissioner voted in the negative. [FR Doc. 2025–22872 Filed 12–15–25; 8:45 am] BILLING CODE 6351–01–P DEPARTMENT OF JUSTICE Drug Enforcement Administration 21 CFR Part 1308 [Docket No. DEA–1604] Schedules of Controlled Substances: Extension of Temporary Placement of 4F-MDMB-BUTICA, ADB-4en-PINACA, 5F-EDMB-PICA, and MMB-FUBICA in Schedule I of the Controlled Substances Act AGENCY: Drug Enforcement Administration, Department of Justice. ACTION: Temporary scheduling order; extension. SUMMARY: The Administrator of the Drug Enforcement Administration is issuing VerDate Sep<11>2014 16:22 Dec 15, 2025 Jkt 268001 PO 00000 Frm 00009 Fmt 4700 Sfmt 4700 E:\FR\FM\16DER1.SGM 16DER1 khammond on DSK9W7S144PROD with RULES