#CFTCCryptoSprint
We will work closely with the SEC Chairman, Paul Atkins, and Commissioner Hester Peirce to finalize the Crypto Project. Providing regulatory clarity now and fostering innovation in digital asset markets will fulfill the Government's promise to usher in a Golden Age of Cryptocurrencies," said the Acting Chair of the CFTC, Caroline D. Pham.
Among the priorities of the Crypto Sprint are the development of clear rules for banks and institutions, stricter oversight of stablecoins, and centralized monitoring of assets like Bitcoin and Ethereum.
Additionally, the CFTC is urging Congress to guarantee citizens' right to own cryptocurrencies without mandatory intermediaries, aligning with government recommendations.
At the same time, the SEC, under the direction of new Chairman Paul Atkins, launched the Crypto Project, focused on updating regulations for decentralized finance (DeFi) and on-chain transactions. The goal is the same as that of the CFTC, but focused on digital assets considered securities.
With these measures, authorities hope to make the system more transparent and secure, encouraging participation from small businesses and new actors.
