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08/05 16:21

CFTC Launches “Crypto Sprint” to Advance Trump’s C

CFTC Launches “Crypto Sprint” to Advance Trump’s Crypto Vision, with SEC Support.

The U.S. Commodity Futures Trading Commission (CFTC) has officially launched a new initiative called the "Crypto Sprint" to help put into action the White House’s recommendations on regulating digital assets. This effort is part of a broader push to strengthen the U.S. framework for crypto markets and comes with strong support from the Securities and Exchange Commission (SEC).

What is the Crypto Sprint?

According to Acting CFTC Chair Caroline Pham, this program aims to implement specific agency actions mentioned in the President’s executive order on digital assets. The President’s Working Group had issued 18 key recommendations. Two of those tasks directly involve the CFTC:

Defining which digital assets are considered commodities

Reviewing existing rules to better fit blockchain-based products like derivatives

The other 16 recommendations require teamwork between the CFTC, SEC, the Treasury, and other U.S. agencies. This joint effort is being managed under a larger framework known as “Project Crypto.”

Partnering with the SEC

The CFTC and SEC are aligning their efforts to create joint rules and possibly launch a “regulatory sandbox” — a safe space for companies to test crypto innovations under government supervision.

Caroline Pham said the CFTC is working closely with SEC leaders, including Chairman Paul Atkins and Commissioner Hester Peirce, to move Project Crypto forward.

> “We’re committed to working together to provide clarity and support innovation in the digital asset space,” Pham said.

A Focus on Clarity and Innovation

So far in 2025, the CFTC has taken several steps toward modernizing its crypto policies:

Hosted the first Crypto CEO Forum

Removed outdated guidance from staff

Released updated documents explaining rules for companies involved in crypto

They also wrapped up public consultations on perpetual derivatives and 24/7 crypto trading. Both services are now active on CFTC-registered platforms — derivatives started in April, and round-the-clock trading went live in May.

Pham emphasized that the agency’s current actions are aimed at creating a clear, supportive environment for digital assets, fulfilling the Administration’s promise of a "Golden Age of Crypto."

SEC Hits the Road for Crypto Feedback

As part of its own efforts, the SEC has launched the “Crypto on the Road” tour. This initiative involves visiting 10 U.S. cities to meet with crypto startups and gather their feedback. These roundtables will run from August 4 to December 5, helping the agency understand the real-world needs of small players in the industry.

CFTC Pushes for Legal Authority Over Spot Crypto Markets

While both agencies are making strides, the CFTC is also calling on Congress to formally define its role in regulating crypto spot markets — especially those involving digital assets that aren’t classified as securities.

A recent White House report recommended giving the CFTC more control in this area. Lawmakers are expected to publish a draft proposal on this issue later this year through the Senate Agriculture Committee, which oversees the CFTC’s role.

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