Catenaa, Wednesday, August 27, 2025-The US Commodity Futures Trading Commission launched the next phase of its “Crypto Sprint” initiative Thursday, inviting public feedback on regulating spot crypto trading and other digital asset activities, sources said.
The initiative, led by Acting CFTC Chair Caroline Pham, runs alongside the Securities and Exchange Commission’s Project Crypto and follows recommendations from the President’s Working Group on Digital Asset Markets.
Pham said the move reflects the administration’s priority to enable immediate federal-level trading of digital assets while ensuring regulatory safeguards.
Stakeholders have until Oct. 20 to submit comments, which will inform formal rules in a fourth sprint phase. The agency aims to address issues including leveraged, margined, and financed retail trading on registered exchanges, as well as broader areas such as banking access and tax clarity, sources said.
The regulatory push follows a 166-page White House report outlining steps to make the U.S. the “crypto capital of the world” through comprehensive policy reforms.
Project Crypto, announced by SEC Chair Paul Atkins, seeks to modernize securities regulations and clarify ambiguity around the Howey Test, which has led entrepreneurs to treat all crypto assets as securities by default.
The next sprint phase marks a significant step in U.S. efforts to create a unified regulatory framework for digital asset markets, balancing innovation with investor protection. Industry participants said the engagement process provides an opportunity to shape rules that could define the trajectory of crypto trading in the country.
