#CFTCCryptoSprint The U.S. Commodity Futures Trading Commission (CFTC) has officially launched a fast-tracked initiative dubbed “Crypto Sprint” aimed at rapidly implementing the key recommendations from the White House’s latest digital asset strategy.

The Working Group’s report highlighted the urgent need to modernize crypto oversight and included a bold recommendation for Congress to affirm Americans right to self custody their digital assets without intermediaries. It also urged federal agencies to define clear rules for banks engaging in crypto-related activities, while outlining future frameworks for stablecoins, crypto taxation, and national crypto reserves.

Specifically regarding the CFTC, the report advised granting the agency jurisdiction over crypto spot markets for assets classified as commodities. It also called for close coordination with the Securities and Exchange Commission (SEC) to remove regulatory confusion for businesses navigating trading, custody, or registration