#CFTCCryptoSprint The Commodity Futures Trading Commission (CFTC) has launched a new "Crypto Sprint" initiative to implement recommendations from a White House digital asset report. The goal is to provide regulatory clarity and foster innovation, working in close collaboration with the SEC. While the initiative itself doesn't directly target Binance, it's a significant development in the regulatory landscape that has historically been a major issue for the exchange.

It's worth noting that the CFTC previously filed and settled a major enforcement action against Binance and its founder, Changpeng Zhao, for willfully evading U.S. law, operating an illegal digital asset derivatives exchange, and failing to have proper compliance controls. The settlement included a $2.7 billion penalty for Binance. The new Crypto Sprint, therefore, is part of a broader, ongoing effort by the CFTC to establish a cohesive and regulated framework for the crypto market, contrasting with Binance's past compliance failures.