The second step has also arrived after the Crypto report.

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The White House's advisory report on cryptocurrencies and digital assets has prompted financial institutions to take necessary steps. As known, the report suggested that cryptocurrencies classified as commodities should grant authority over spot markets to the CFTC, that is, the Commodity Futures Trading Commission.

"Crypto Race" announced

The CFTC has also launched an initiative called "Crypto Sprint" to implement the recommendations of the comprehensive crypto report published by the Digital Assets Working Group led by Trump. The term "sprint" emphasizes the agency's commitment to taking fast and targeted actions. In other words, the agency is moving beyond the research and discussion phase and will focus on implementation.

Collaboration between CFTC and SEC…

The 170-page White House report also recommended that the CFTC work together with the SEC (Securities and Exchange Commission). The aim is to provide regulatory clarity in trading and registration processes for crypto users and crypto companies...

CFTC's current chair, Caroline Pham, also emphasized this collaboration and stated that they will work closely with the SEC. However, Pham's statement did not provide details regarding the agency's steps.

Published: August 4, 2025 16:26Last Updated: August 4, 2025 16:31

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