Email from Cadwalader

From

To

Subject

Email
On March 29, the National Futures Association (“NFA”) promulgated Compliance Rule 2-51, setting forth Requirements for Members and Associates Engaged in Activities Involving Digital Asset Commodities, which includes both derivatives and commodities traded on spot. https://www.cadwalader.com/resources/articles/first-attempt-to-regulate-spot-digital-asset-activities