US Commodity Futures Trading Commission launches "crypto sprint"

US Commodity Futures Trading Commission launches "crypto sprint"

As part of a national effort to regulate cryptocurrencies, the US Commodity Futures Trading Commission (CFTC) has launched a dynamic initiative called "crypto sprint." This move is part of broader government plans to lay a solid foundation for the functioning of digital assets in the US and strengthen the country's position as a global leader in the cryptocurrency space.

Cooperation with the SEC to create clear rules

In its latest statement, the CFTC announced that it will work closely with the Securities and Exchange Commission (SEC) to implement recommendations from President Donald Trump's government working group. The group developed a set of 18 recommendations focused on the regulation of digital assets, two of which directly concern this agency.

"The CFTC is wasting no time in fulfilling President Trump's vision of making America the crypto capital of the world," Acting Chair Caroline Pham said Wednesday. Her words reflect the agency's commitment to quickly and effectively implement measures that will bring greater legal certainty to cryptocurrency companies and investors.

Key objectives of the initiative

The main tasks set by the CFTC include, for example, a clearer definition of cryptocurrencies as commodities, the introduction of rules for the registration of decentralized financial products, and the establishment of guidelines for regulated entities on how to handle cryptocurrencies. The agency also focused on reevaluating the rules governing blockchain-based derivatives to better reflect the specifics of this sector.

Conversely, recommendations directed at the SEC include the creation of a joint regulatory sandbox and long-term considerations for unifying the services offered under a single user interface, which could significantly simplify the trading and management of digital assets.

Clarification of powers and future direction

The report also stated that the CFTC should be given "clear authority" to regulate spot markets for digital assets, particularly those not classified as securities. This move could fundamentally affect how cryptocurrencies and related products are regulated in the coming years.

Support from government and industry

According to Caroline Pham, the CFTC has already begun working toward these goals. For example, in January, the agency met with executives from cryptocurrency companies to discuss the current state of the industry, and it recently concluded consultations on continuous trading of derivatives and perpetual contracts—a move welcomed by both the industry and regulators.

Behind these efforts is the nomination of Brian Quintenz, former director of policy at cryptocurrency venture firm Andreessen Horowitz, to head the CFTC. Although his appointment is still pending a hearing, his experience is expected to contribute to the further development of the regulatory framework.

Looking ahead

This series of steps sends a clear signal that the United States is moving toward greater regulation of cryptocurrencies, emphasizing cooperation between key regulatory agencies and a clear division of powers. With this approach, the US can maintain its position at the global forefront of the cryptocurrency industry, while investors gain greater legal certainty.

While some aspects of this initiative are still in the planning and discussion phase, one thing is certain: the US government is seeking not only to regulate but also to actively support growth and innovation in the field of digital assets. We are thus facing a period of intense work on the creation of a comprehensive and clear legal framework that may define the future of cryptocurrencies in the US and around the world.

*This is not an investment recommendation.

The Coingarage Team