CFTC launches ‘Crypto Sprint’ in collaboration with SEC

The US Commodity Futures Trading Commission (CFTC) has launched a new “Crypto Sprint” initiative to transform America’s digital asset regulation. The independent agency will work alongside the US Securities and Exchange Commission (SEC) to help improve regulatory clarity around cryptocurrencies.

Through this project, the CFTC and SEC aim to boost US competitiveness in the constantly evolving global crypto economy. By creating a stable, innovative environment featuring clear regulations and cooperation, the country hopes to be an international crypto leader.

It also falls in line with President Donald Trump’s vision to make America the “crypto capital of the world.” The CFTC’s plan builds on the SEC’s “Project Crypto” scheme in bringing clearer rules to the US digital asset sector.

Why has the CFTC created the “Crypto Sprint”?

The CFTC introduced the “Crypto Sprint” in response to a report from the President’s Working Group on Digital Asset Markets. The report outlined 18 recommendations, including two aimed specifically at the agency.

The first request required the CFTC to specify exactly how cryptocurrencies might be regulated as commodities. It also called for guidance on how its registration requirements apply to decentralised finance, and for direction regarding CFTC-regulated entities.

In addition, the report recommended that the agency review its current rules to support blockchain-based derivatives. These actions aim to modernise the market and promote continued innovation in financial technology.

Meanwhile, a further 16 recommendations involve cooperation with other agencies such as the SEC and the US Treasury. The two agencies will create joint rules, improve clarity, and work together on regulatory sandboxes.

CFTC as an innovative leader on crypto policy

The CFTC continues to lead the way as an innovator in its approach to crypto and digital asset-related services. It has already made progress by engaging with crypto firms and industry leaders. 

Officials also withdrew outdated guidance documents that previously hindered ongoing innovation. Many leading crypto firms support these changes as look to expand further into US markets.

Furthermore, the CFTC has also participated in numerous pilot programmes for tokenised markets. Through these efforts, the regulator aims to integrate blockchain into traditional finance via safe and regulated routes.

Against this backdrop, Trump has nominated Brian Quintenz to lead the CFTC. Quintenz is currently the global policy head at Andreessen Horowitz’s crypto division. Despite his confirmation hearing being delayed, he will play a key role in shaping the agency’s future crypto direction.

Remember to keep track of all the latest Crypto News at FXTrustScore.com.