CFTC’s Crypto Sprint and SEC’s Project Crypto Unite to Drive U.S. Leadership in Digital Assets

CFTC

  • CFTC begins new phase of crypto oversight to expand beyond spot trading rules and gather public feedback.
  • The agency will now address retail trading risks and other key issues in digital asset market regulation.
  • Public comments are open until October 20 and will help shape future federal rules for crypto platforms.

The Commodity Futures Trading Commission has launched the second phase of its “Crypto Sprint” initiative. This stage will focus on implementing recommendations from the President’s Working Group on Digital Asset Markets. The initiative will move beyond immediate spot trading rules.

https://twitter.com/CarolineDPham/status/1958651172807696759

Acting Chairman Caroline D. Pham confirmed the expanded scope. The CFTC will address the regulatory challenges in the digital asset space. It will include risks linked to leveraged, margined, and financed retail trading on regulated exchanges. 

The Commission invited them for public participation and the period will end on October 20, 2025. The goal is to collect input from market participants, investors, and innovators on key regulatory issues.

Focus Expands Beyond Spot Trading

Earlier this month, the CFTC launched the first phase of the initiative. That effort focused on creating a framework for spot crypto trading on registered futures exchanges. Strong support from stakeholders pushed the agency to expand its focus.

The CFTC is turning attention to other core areas identified in the President’s Working Group report. Other areas addressed in the report were registration, custody, trading process, and record keeping requirements of digital asset platforms.

The move is part of a larger effort to balance innovation and regulatory protections. The CFTC will collaborate with other entities, such as the Securities and Exchange Commission, to align its regulations and lessen market confusion.

Joint Oversight with SEC and White House Support

The CFTC and SEC are addressing the directive of the administration to have increased federal involvement in the digital asset regulation. The SEC initiated a project named “Project Crypto” to modernize securities laws, whereas the CFTC is working to update the futures and derivatives market.

The two agencies will collaborate on enforcement and compliance activities. The White House has been behind these measures in a wider campaign of U.S leadership in digital finance.

The President’s Working Group recommendations emphasized the collaboration among agencies. This partnership is considered a strategic way of handling interrelated risks without hindering the expansion of the industry.

Public Feedback Will Shape Future Rules

The CFTC has opened its official portal for public feedback and encouraged Industry leaders and retail participants to share their views. The consultation period allows the agency to gather a wide range of insights before drafting rules.

The CFTC will evaluate both risks and opportunities as it shapes new standards. This step aims to ensure that future regulations support innovation while protecting market integrity.


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