The Commodity Futures Trading Commission (CFTC) has launched a “Crypto Sprint” initiative to provide extra regulatory clarity for the actions of digital assets.
CFTC-Onderziek Chairman Caroline D. Pham says that the initiative is for trading place crypto-asset contracts mentioned on CFTC-registered Futures Exchange, known as designated contract markets (DCMS).
“Under the strong leadership and the vision of President Trump, the CFTC is ahead of full speed in enabling digital assets at the federal level in coordination with the Project Crypto of the SEC.
There is a clear and simple solution that the CFTC can now implement. The Commodity Exchange ACT currently requires that raw materials retail trade with leverage, margin or financing on a DCM must be carried out. From today, we invite all stakeholders to work with us to provide regulatory clarity about mentioning Crypto activation contracts on a DCM with the help of our existing authority, as I have previously suggested since 2022. Together we will make America the crypto capital of the world. “
Interested stakeholders can submit feedback to the CFTC on 18 August.
Paul Atkins, the chairman of the Securities and Exchange Commission (SEC), started ‘Project Crypto’ last week and announced the intention of the regulator to roll out a regulatory framework for digital assets that encourages innovation.
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