CFTC launches next phase of 'Crypto Sprint' initiative based on Trump's crypto roadmap, seeks public input
Quick Take
- The Commodity Futures Trading Commission announced Thursday that it is starting the next phase of its “Crypto Sprint” initiative to implement other recommendations outlined in the President’s Working Group report.
- The agency is collecting public feedback on the recommendations by Oct. 20, 2025.
The U.S. Commodity Futures Trading Commission has launched a new phase of its "Crypto Sprint" initiative revealed earlier this month, as it works to implement recommendations outlined in the report from the President's Working Group on Digital Asset Markets.
In a statement released Thursday, CFTC Acting Chair Caroline Pham said that the agency will begin "stakeholder engagement" on all other report recommendations for the CFTC. The CFTC is accepting public comments on the report's recommendations by Oct. 20, 2025.
Pham's Thursday announcement follows the CFTC's Aug. 4 rollout of the initiative's first phase, which launched efforts to enable the trading of spot crypto asset contracts on registered futures exchanges.
"The Administration has made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” said Pham on Thursday. "The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President's directive."
In its next phase of its "Crypto Sprint" initiative, the CFTC is expected to move beyond spot crypto trading and begin addressing the other recommendations outlined in the President's Working Group report. While the CFTC did not specify the details of the next phase, it could entail additional inter-agency coordination and oversight on registration, custody, trading, and recordkeeping, as suggested in the working group's report released last month.
The Block has reached out to the CFTC for further comment.
Part of the recommendations centers around coordination between the CFTC and the Securities and Exchange Commission. The SEC launched its own "Project Crypto" last month, with SEC Chair Paul Atkins saying the initiative would "modernize the securities rules and regulations to enable America's financial markets to move on-chain."
Earlier this week, Atkins said that very few crypto tokens are securities, and that he aims to embrace innovation and create a framework to future-proof crypto markets against regulatory mischief.
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