#CFTCCryptoSprint

The Commodity Futures Trading Commission (CFTC) has launched a "Crypto Sprint" to fast-track the implementation of cryptocurrency regulations in the United States. This initiative is a response to recommendations from the President's Working Group on Digital Asset Markets. The CFTC aims to provide regulatory clarity and foster innovation by leveraging existing regulated futures exchanges to oversee the trading of non-security digital assets. The sprint will specifically target retail-focused spot trading that involves leverage or margin, bringing it under direct federal regulation. The CFTC is also collaborating with the Securities and Exchange Commission (SEC) on a parallel effort called "Project Crypto" to create a cohesive regulatory environment and resolve jurisdictional ambiguities.