The Commodity Futures Trading Commission (CFTC) of the United States has launched the "Crypto Sprint" initiative, a regulatory offensive aimed at establishing a clear and coherent legal framework for crypto assets in the country.

The "Crypto Sprint" arises in response to the recommendations of the President's Working Group on Financial Markets and seeks to address the existing regulatory gap in the cryptocurrency market. The initiative, led by the acting chair of the CFTC, Caroline D. Pham, aims to:

* Spot market regulation: Allow spot cryptocurrency assets to be traded on exchanges that are already registered and regulated by the CFTC. This aims to provide greater protection to investors while fostering innovation.

* Collaboration with the SEC: Work jointly with the Securities and Exchange Commission (SEC) to harmonize the regulation of digital assets, as both agencies have a role in overseeing different types of crypto assets.

* Adapting to technology: Modify existing rules to accommodate innovations in blockchain technology, such as derivatives based on this technology.

In summary, the CFTC's "Crypto Sprint" is a significant effort to create a more predictable and secure regulatory environment for the cryptocurrency market in the United States, with the goal of making the country a global leader in this sector. The initiative seeks to balance consumer protection with the promotion of technological innovation. The CFTC is seeking public comments on this proposal to consider the implications of these new rules#CFTCCryptoSprint