CFTC Launches "Crypto Sprint" Initiative to Accelerate Trump Administration's Crypto Asset Regulation Roadmap

avatar
MarsBit
08-04
This article is machine translated
Show original
Mars Finance News, according to The Block, the U.S. Commodity Futures Trading Commission (CFTC) today announced the launch of the "Crypto Sprint" special plan, aimed at quickly implementing the policy recommendations issued by the Trump administration's digital asset market working group last week. CFTC Acting Chair Caroline Pham stated that the agency will work closely with the SEC to promote the on-chain transformation of the U.S. financial system and realize the Trump administration's vision of "making the United States the world's cryptocurrency capital". This action is based on the Trump working group's comprehensive 168-page report, focusing on clarifying individual rights to self-custody cryptocurrencies, regulating the scope of bank crypto business, and granting the CFTC regulatory authority over commodity-type crypto asset spot markets. The plan forms a policy synergy with the SEC's "Project Crypto", marking a new stage of U.S. crypto regulation transitioning from vague restrictions to proactive institution-building.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments