CFTC Launches ’Crypto Sprint’ to Accelerate Digital Asset Regulation

The U.S. Commodity Futures Trading Commission is fast-tracking cryptocurrency oversight through its new 'Crypto Sprint' initiative. Acting Chair Caroline Pham framed the move as critical for maintaining America's competitive edge in digital finance, citing the need to implement recommendations from the White House's 168-page crypto report without delay.

Regulatory clarity emerges as the central theme, with the CFTC seeking explicit authority over spot commodity markets. The plan emphasizes self-custody solutions and defined banking roles—positioned as prerequisites for economic growth. Pham stressed these measures WOULD prevent innovation from migrating offshore while strengthening consumer protections.

Coordination with the SEC remains pivotal for executing the strategy. Market participants now await concrete rules that could reshape custody practices and banking involvement in crypto transactions.