The US Administration is shifting toward a more crypto-friendly environment
The Commodity Futures Trading Commission (CFTC) is moving forward with plans to address digital asset regulation, launching what it calls a “crypto sprint” aimed at turning federal policy recommendations into concrete action. Acting Chairman Caroline D. Pham confirmed this week that the agency will begin reviewing and implementing suggestions made in the President’s Working Group on Digital Asset Markets report.
This initiative, called “Project Crypto,” is being framed as a cornerstone of the US effort to establish a leading role in global digital asset markets. Pham emphasized that the CFTC intends to act swiftly and in collaboration with the Securities and Exchange Commission (SEC), specifically mentioning ongoing coordination with SEC Chairman Paul Atkins and Commissioner Hester Peirce.
So far this year, the CFTC has taken several steps to prepare for the shift. The agency hosted its first-ever Crypto CEO Forum and has moved to modernize its approach by removing outdated advisories. It also released updated regulatory guidance intended to clarify rules for crypto entrepreneurs and companies looking to operate in US markets.
One focus of the upcoming review will be market structure innovations such as perpetual derivatives and 24/7 trading, both of which have already launched on CFTC-registered designated contract markets. The Commission recently concluded a public comment period to gather industry and stakeholder feedback on how these products should be regulated going forward.
In addition to regulatory adjustments, the CFTC has expressed interest in engaging with broader industry developments, including tokenization initiatives and pilot programs designed to explore how digital assets fit within traditional financial frameworks.
Pham stated that these moves align with the broader goal of encouraging innovation while protecting market participants. The working group’s recommendations touched on key areas like defining digital assets, clarifying regulatory jurisdiction, and developing a stable foundation for future growth in the crypto sector. The CFTC’s review is expected to bring those goals closer to reality.
