CFTC Unveils Next Phase of Crypto Sprint Initiative

The U.S. Commodity Futures Trading Commission (CFTC) has initiated a new phase in its "Crypto Sprint" program, aimed at implementing recommendations from the President's Working Group on Digital Asset Markets. Announced by CFTC Acting Chair Caroline Pham, this phase will include stakeholder engagement on various recommendations, with public comments accepted until October 20, 2025. This announcement follows the August 4 launch of the first phase, which focused on allowing spot crypto asset trading on registered futures exchanges. Pham emphasized the Administration's commitment to prioritizing digital asset trading at the federal level, stating that public feedback will support the CFTC in addressing critical issues related to leveraged retail trading on registered exchanges. In this upcoming phase, the CFTC plans to extend its focus beyond spot trading, potentially enhancing inter-agency coordination and oversight concerning registration, custody, trading, and recordkeeping, as outlined in last month's working group report. In parallel, the SEC has also initiated its own "Project Crypto" aimed at updating securities regulations to accommodate digital asset trading, with SEC Chair Paul Atkins noting that few crypto tokens qualify as securities. This move highlights a broader effort to foster innovation while safeguarding the integrity of financial markets. The CFTC has reached out to stakeholders for further input and details about the initiative. Disclaimer: The Block operates independently to deliver timely news about the crypto industry, with Foresight Ventures as a majority investor. For more on our financial disclosures, visit our website. This article serves for informational purposes only, and is not intended as legal or investment advice.