#CreatorPad CFTC LAUNCHES “CRYPTO CAMPAIGN” UNDER PRESIDENT TRUMP’S NEW PLAN
🔹 The U.S. Commodity Futures Trading Commission (CFTC) is moving quickly to implement President Trump’s new crypto executive order
🔹 Acting Chair Caroline Pham said they are working closely with the SEC to implement the “Crypto Project” initiative
🔹 Trump’s crypto advisory group has made 18 recommendations to the CFTC, including:
— Clarifying how crypto is a commodity
— Providing guidance on how the law applies to DeFi
— Updating regulations for blockchain-based derivatives
🔹 The CFTC and SEC are also asked to work together on:
— Developing a clearer set of rules for the crypto market
— Implementing a “regulatory sandbox” to test new ideas
— Allowing companies provide multiple services on the same application