#CFTCCryptoSprint #CFTCCryptoSprint The U.S.

CFTC Digital Currency Race from the Commodity Futures Trading Commission (CFTC) on August 1, 2025

From the U.S. Acting Chair of the Commodity Futures Trading Commission (CFTC), Caroline Pham, officially announced the launch of the Cryptocurrency Race, aimed at implementing the recommendations of the President's Working Group on Digital Asset Markets.

"Digital Currency Race" to swiftly implement the Trump administration's recommendations regarding digital currencies. This initiative aims to address outstanding issues related to the classification of digital currencies, market structure, and investor protection while maintaining the competitive edge of the United States in the global digital economy. In collaboration with the U.S. Securities and Exchange Commission (SEC), in conjunction with the SEC's cryptocurrency project, with a broader goal of establishing the U.S. as a global leader in cryptocurrency. This initiative aims to provide regulatory clarity and encourage innovation in digital assets through the "Digital Currency Project." With the growing interest in decentralized finance (DeFi) and digital currency derivatives.

Key Actions and Timeline

1-' In March 2025, the Commodity Futures Trading Commission (CFTC) rescinded two warnings to its staff regarding cryptocurrency derivatives, indicating a shift towards streamlining regulation and treating cryptocurrencies akin to traditional markets.

2-- . Launch of the Instant Cryptocurrency Trading Initiative (August 4, 2025) The first key action under the "Sprint" program enables the trading of instant cryptocurrency asset contracts on exchanges registered with the Commodity Futures Trading Commission (designated contract markets, DCMs), using existing authority under the Commodity Exchange Act.

---- These instant contracts are designed to track actual cryptocurrency prices and settle in actual digital currencies such as BTC, ETH, SOL, and XRP - not cash - enhancing transparency.

* The public comment period on the regulatory framework ends on August 18, 2025.

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