#CreatorPad "CFTC Crypto Sprint" is an initiative launched by the U.S. Commodity Futures Trading Commission (CFTC) to implement President Trump's plan regarding digital assets. The main goal of this "Crypto Sprint" is to make America a leader in digital innovation and enhance financial stability by better regulating the cryptocurrency market.
CFTC is collaborating with the Securities and Exchange Commission (SEC) to implement this plan, which includes several important aspects, such as ¹ ²:
- *Goals of CFTC Crypto Sprint*:
- Regulate trading of digital assets in the spot market through futures exchanges registered with the CFTC.
- Increase transparency and accountability in cryptocurrency trading.
- Reduce financial and geopolitical risks associated with cryptocurrency.
- *Collaboration with SEC*:
- CFTC and SEC are working together to provide regulatory clarity for businesses and cryptocurrency users.
- Both agencies will also create a "regulatory sandbox" to facilitate innovation in the cryptocurrency industry.
- *White House Recommendations*:
- Grant CFTC authority to regulate the spot market for non-security digital assets.
- Allow exchanges, custodians, and broker services to operate within a single user interface.
With this collaboration, CFTC and SEC aim to create a clearer and more conducive regulatory environment for innovation in the cryptocurrency industry in the U.S. ¹ ³.