According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline D. Pham announced the launch of a crypto sprint initiative to implement recommendations from the President's Working Group on Financial Markets report on digital assets.
Acting Chair Pham stated, "The CFTC is working diligently to realize U.S. President Donald Trump's vision of making the United States the global crypto capital." She emphasized collaboration with SEC Chair Paul Atkins and Commissioner Hester Peirce to advance 'Project Crypto.' The initiative aims to provide clear regulations for the digital asset market and foster innovation, fulfilling the government's promise to usher in a crypto golden age.
Since January, the CFTC has hosted a crypto CEO forum, rescinded outdated staff advisories, and issued new guidance to enhance regulatory transparency for innovators and entrepreneurs in the U.S. and global crypto and digital asset sectors. Discussions have been held on a digital asset market pilot program, and the CFTC has participated as an observer in industry tokenization initiatives.
Additionally, the CFTC recently concluded public comment periods on two crypto market innovations: 24/7 trading and perpetual derivatives. Perpetual derivatives have been trading on CFTC-registered designated contract markets (DCMs) since April, while 24/7 trading was implemented in May.
BlockBeats previously reported that the SEC's Project Crypto plan will enable the U.S. financial markets to operate on-chain, supporting President Trump's goal of establishing the United States as the "world crypto capital" and maintaining its leadership in the crypto asset market.