CFTC Launches "Crypto Campaign" Under President Trump: Positive Signals for the Industry

The U.S. Commodity Futures Trading Commission (CFTC) is demonstrating encouraging proactivity by swiftly implementing crypto-related initiatives under President Trump's new decree. This is a positive move, promising to bring clarity and stability to the digital asset market.

Collaboration and Clear Goals

Acting Chair of #CFTC , Caroline Pham, stated that the agency is working closely with the SEC to execute the "Crypto Project." This project is built on 18 recommendations from President Trump's advisory group, with specific goals:

Legal Clarity: Detailed guidance on how crypto is viewed as a commodity and the application of laws to DeFi protocols.

Regulatory Update: Updating regulations for derivative products based on #blockchain , enabling companies to operate more effectively.

Creating a New Playground: Establishing a "regulatory sandbox" to test new ideas and allow companies to offer multiple services on the same application.

These actions indicate that the new administration is striving to create a friendly and clear legal environment for cryptocurrency. The collaboration between CFTC and SEC will help alleviate ambiguity, instill confidence in investors, and promote innovation in the industry. This is a significant step forward, ushering in a new era for the crypto market in the U.S. #anhbacong