Bitcoin News Today: CFTC Launches Crypto Sprint With SEC to Implement Trump Digital Asset Vision

The U.S. Commodity Futures Trading Commission (CFTC) has launched a coordinated effort dubbed the “Crypto Sprint” in collaboration with the Securities and Exchange Commission (SEC), following the release of a White House report on digital asset markets on Wednesday. Acting CFTC Chair Caroline Pham stated the agency is working closely with SEC Chair Paul Atkins and Commissioner Hester Peirce to implement the recommendations from the President’s Working Group on Digital Asset Markets [1]. This initiative is part of a broader effort to fulfill President Donald Trump’s vision of establishing the U.S. as the global leader in cryptocurrency and blockchain innovation [2].

The report outlines 18 recommendations for the CFTC, two of which are agency-specific. One directs the CFTC to issue guidance on how cryptocurrencies could be treated as commodities and to clarify how its registration rules interact with decentralized finance. The second calls for a review of rules to enable blockchain-based derivatives [1]. An additional 16 recommendations involve collaboration with other agencies, including the SEC and the Treasury, to streamline regulation and promote clarity for market participants [3].

A key directive is for the CFTC and SEC to jointly create a regulatory framework that offers “fulsome regulatory clarity.” This includes establishing a regulatory sandbox, coordinating rulemaking processes, and exploring the potential for integrated services within a single user interface in the long term [1]. The agencies are also urged to work with Congress to define their respective regulatory roles, with the White House report suggesting the CFTC be granted authority over spot markets in non-security digital assets [4].

In its efforts to align with the White House’s goals, the CFTC has already taken steps to modernize its approach. It has rescinded outdated advisories related to crypto, held discussions with industry stakeholders, and finalized consultations on enabling 24/7 derivatives trading and perpetual contracts—moves that have been supported by crypto firms [5]. The agency has also started piloting market investigations and engaging in tokenization projects with the private sector [6].

The CFTC’s leadership shift is also underway, with Brian Quintenz, the global head of policy at Andreessen Horowitz’s crypto venture firm, nominated to lead the agency. His nomination hearing was postponed at the request of the White House [7]. The CFTC’s strategic direction is backed by strong political support, with the administration framing digital asset development as a critical component of the U.S. economic future [8].

Legislatively, the Clarity Act is expected to further support the initiative by fostering blockchain innovation while maintaining investor protections [9]. The CFTC has also opened public comment periods on emerging market concepts such as perpetual derivatives and round-the-clock trading, signaling a proactive and inclusive regulatory approach [10].

Through its “Crypto Sprint” and collaboration with the SEC, the CFTC is working to create a stable and innovative environment for digital assets, ensuring the U.S. remains competitive in the global crypto economy. With clear regulatory signals and cross-agency cooperation, the U.S. aims to attract innovation and investment in the fast-evolving digital finance sector [11].

Source:

[1] Cointelegraph. (2025, July 30). CFTC "Crypto Sprint" With SEC To Implement Trump Plans. https://cointelegraph.com/news/cftc-crypto-sprint-sec-white-house-plans

[2] Live Bitcoin News. (2025, July 28). CFTC Launches Crypto Sprint with Full Support for SEC Project. https://www.livebitcoinnews.com/cftc-launches-crypto-sprint-with-full-support-for-sec-project/

[3] Bitcoin Insider. (2025, July 17). CFTC Announces 'Crypto Sprint', Pledges To Support SEC. https://www.bitcoininsider.org/article/281393/cftc-announces-crypto-sprint-pledges-support-sec-project-crypto-details

[9] Mondo. (2025, July 13). News Centre. https://mondovisione.com/news/

[10] Crypto Times. (2025, August 3). Weekly Wrap: Market Turns Bearish, SEC Launches. https://www.cryptotimes.io/2025/08/02/weekly-wrap-market-turns-bearish-sec-launches-project-crypto-eth-reserve-hits-10b-and-more/