#CFTCCryptoSprint

CFTC and SEC launch "crypto sprint" by order of the White House — Cointelegraph

CFTC and SEC have started implementing an accelerated plan to introduce the recommendations of the White House working group — the so-called "crypto sprint." The goal is to establish a regulatory framework and solidify the leadership of the United States in the crypto industry.

🔹 Participants:

Caroline Pham (CFTC), Hester Peirce and Paul Atkins (SEC)

🔹 CFTC Goals:

— Rules for blockchain-based derivatives

— Definition of crypto assets as commodities

— Guidelines for companies dealing with crypto

🔹 Joint tasks with SEC:

— Creation of a regulatory sandbox

— Coordination of rule-making

— Support for multifunctional crypto services

📌 Congress is suggested to officially divide areas of responsibility:

CFTC — spot market,

SEC — investment tokens.

Essentially, this is an attempt at centralized control over what has grown outside the system.

If before the market grew in defiance of the regulator — now it will be reshaped for institutional investors.