Following the SEC, Another Critical Institution, CFTC, Has Launched a Bullish Initiative for Cryptocurrencies

The United States Commodity Futures Trading Commission (CFTC) has officially launched a new initiative it calls “Crypto Sprint,” aiming to implement President Donald Trump’s regulatory roadmap for digital assets. “The CFTC is wasting no time in fulfilling President Trump's vision of making America the cryptocurrency capital of the world,” CFTC Acting Chair Caroline Pham said in an official statement. Pham stated that providing regulatory clarity and fostering innovation in digital asset markets will make the administration's vision of a “Golden Age of Crypto” a reality. Last week, Trump's Digital Asset Markets Task Force released a comprehensive report on integrating cryptocurrencies into the mainstream U.S. financial system. The 168-page report included recommendations such as legally ensuring individuals can store their crypto assets without third-party involvement, clarifying crypto-related areas of activity for banks, and granting the CFTC jurisdiction over spot markets for crypto assets classified as commodities. Related News: These Altcoins Are Definitely Worth Following in the New Week The report also stated that the CFTC should collaborate with the SEC (Securities and Exchange Commission) to clarify transaction and registration processes for digital asset users and businesses. While the CFTC's new “Crypto Sprint” initiative hasn't yet detailed which proposals it will focus on, Acting Chairman Pham stated that they will work closely with the SEC. It was also reported that a broader transformation program called “Project Crypto” is underway. According to a statement by SEC Chairman Paul Atkins, Project Crypto aims to reshape securities regulations to meet the needs of the digital age and facilitate the financial system's transition to an on-chain structure. Within this framework, the company plans to develop new regulations regarding the distribution, storage, and trading of crypto assets. *This is not investment advice. Continue Reading: Following the SEC, Another Critical Institution, CFTC, Has Launched a Bullish Initiative for Cryptocurrencies