CFTC Launches Second Crypto Sprint Seeks Public Input on Spot Trading Regulations

The U.S. Commodity Futures Trading Commission (CFTC) has launched its second “crypto sprint,” a targeted effort to gather public feedback on how to regulate spot crypto trading and related retail leveraged products. The initiative seeks input from market participants on refining regulatory approaches for leveraged, margined, or financed retail trading on CFTC-registered platforms [1]. The CFTC is requesting written comments by October 20, 2025, to inform future rulemaking and potential amendments affecting blockchain-based derivatives and commodity classifications [2].

This sprint follows recommendations from the President’s Working Group on Digital Asset Markets and the White House policy report on digital assets, both of which emphasized the need for a coordinated regulatory approach [3]. Specifically, the Working Group recommended that the CFTC clarify how cryptocurrencies qualify as commodities and how decentralized finance firms can comply with registration rules [4]. Another recommendation urged the CFTC to consider amending rules to better accommodate blockchain-based derivatives [5].

The CFTC has also highlighted the importance of interagency coordination, particularly with the Securities and Exchange Commission (SEC), in shaping a consistent regulatory framework [6]. Acting Chair Caroline D. Pham underscored the value of stakeholder input in developing careful and informed rules [7]. The agency emphasized that feedback should focus on registration, market structure, investor protections, and rule amendments related to blockchain derivatives [8].

Leadership stability at the CFTC remains a key factor in advancing these rulemaking efforts. The nomination of Brian Quintenz for CFTC Chair has been delayed, and the agency currently operates with two commissioners: Acting Chair Pham and Commissioner Kristin N. Johnson [9]. Several crypto advocacy groups have called for the prompt confirmation of a permanent chair to meet the administration’s digital asset policy goals [10].

Public comments are a crucial part of the process, as the CFTC will analyze submissions to inform potential changes to regulatory frameworks and coordinate actions with other agencies. The feedback will help shape approaches to classifying cryptocurrencies, supervising markets, and addressing risks associated with retail leverage [11]. Market participants are encouraged to submit evidence-based and targeted suggestions by the October 20 deadline [12].

The CFTC’s second crypto sprint represents a continuation of its efforts to provide regulatory clarity in the evolving crypto landscape. As the agency reviews submissions and moves forward with potential rule changes, continued interagency collaboration will likely remain a cornerstone of its approach [13].

Sources:

[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13]

Source: [1] CFTC May Seek Public Input on Spot Crypto Regulation in Second Crypto Sprint, Potentially Affecting Bitcoin Trading (https://en.coinotag.com/cftc-may-seek-public-input-on-spot-crypto-regulation-in-second-crypto-sprint-potentially-affecting-bitcoin-trading/)