The US Commodity Futures Trading Commission (CFTC) has unveiled the “Crypto Sprint” initiative targeted to strengthen digital asset regulations in the United States. The announcement was made a few days after the US Security and Exchange Commission (SEC) shut down “Project Crypto”, as all financial regulatory agencies continue to align with the pro-crypto policy of American Press Donald Trump.
CFTC Crypto regulator to cooperate with SEC on clarity
In a public release on 1 August, CFTC acting president Carolin D. The form shared the intentions of the Commission to start “Crypto Sprint” with a view to improving regulator clarity in the US industry. In particular, this initiative is a response to the report of the recommendations by the President’s Working Group on Digital Asset Markets in January 2024.
The report, which has been titled “strengthening the American leadership in digital financial technology”, widespread us participating in making the cryptocurrency ecosystem towards regulation through a supporter-in-in-innovation mentality.
In response to this policy report, the Fam has expressed the readiness of CFTC to cooperate with the President’s Vision to create a crypto-Friday environment in the US. He said:
CFTC is not wasting any time to complete the sight of the President to make America the world’s crypto capital
The commission’s chair also publicly shares its support of the second “Project Crypto”, which was also created in response to the working group report on 31 August. The form said:
We will work closely with SEC President Paul Atkins and Commissioner Hester Peerus to achieve the project crypto. Now providing regulator clarity and promoting innovation in digital asset markets
Under Project Crypto, Atkins said that safe objectives were to revive detention and trade, all targeted the US to realize the President’s vision of making the “Crypto capital of the world”.
CFTC is also committed to this vision, as indicated by the announcement of “Crypto Sprint”, which follows preview activism including the first-in CEO forum, and many dialogues on a digital asset market pilot program between other initiatives.
Trump’s Pro-Crypto Push continues
Following public commitments from CFTC and SEC, Trump focused on fulfilling major promises in the US as a global leader in the digital asset space. Along with a friendly stance from regulators, legislative speed is also being created, which is currently exposed in the pipeline, by the recent signature of the Genius Act, with the current decision making.
At the press time, the total crypto market cap is the value of $ 3.60 trillion, which indicates a decline of 1.76% in the previous day.
Specially displayed image from Reuters, Chart from Trading Person
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