#CFTCCryptoSprint #CFTCCryptoSprint

Below is a breakdown of the key aspects of the initiative:

Objective: The Sprint aims to leverage the CFTC's existing authority to enable the trading of spot crypto assets—such as Bitcoin and Ethereum—on CFTC-registered futures exchanges (Designated Contract Markets, or DCMs). This would bring these markets under federal regulation without the need for new legislation.

Coordination with the SEC: The CFTC is working closely with the Securities and Exchange Commission (SEC), which has its own parallel initiative called 'Project Crypto.' Both efforts are designed to clarify the regulatory environment for digital assets, delineate jurisdictional boundaries, and enhance inter-agency collaboration.