The U.S. Commodity Futures Trading Commission (CFTC) has launched a new "crypto sprint" aimed at developing cryptocurrency regulations as per President Trump's plan.
This program opens public consultation until October 20, 2025, providing an opportunity for investors and stakeholders to share their views on how to manage the digital asset market in the United States.
MAIN CONTENT
The CFTC focuses on enhancing oversight of the federal cryptocurrency spot market.
Expanding oversight to include derivative products, margin trading, and risks to individual investors.
Public consultation until October 20, 2025, aims to attract diverse opinions from the U.S. cryptocurrency market.
How is the CFTC managing the cryptocurrency spot market?
According to Acting Chairwoman Caroline D. Pham, the CFTC is immediately launching the sprint focused on federal cryptocurrency trading regulations, particularly the spot market—the core of digital assets.
This move aligns with the SEC's Project Crypto aimed at enhancing the United States' leadership role in the cryptocurrency space. Pham referred to this as the beginning of a "golden era of innovation," while stressing the balance between development and responsible regulation. In addition to the spot market, the CFTC also wants to oversee risks from margin trading, leveraged trading, and the market for individual investors that regulators have long been concerned about.
"We are entering a golden era of innovation in the digital finance sector; we need to seize this opportunity to adjust responsibly."
Caroline D. Pham, Acting Chairwoman of the CFTC, 2024
Why is the CFTC expanding oversight beyond the cryptocurrency spot market?
This is the CFTC's second crypto sprint in recent weeks, aimed at expanding oversight beyond spot trading. The CFTC asserts its central role in building the digital asset oversight framework in the United States.
Chairwoman Pham emphasized the goal of effectively managing the risks of complex financial products without stifling innovation. She also advocated for close cooperation with the SEC, the White House, and the community to maintain the competitive position of the United States in the global digital finance race.
How is the public consultation process conducted?
The CFTC has opened a feedback channel for all parties from large organizations to individual investors on its official website until October 20, 2025. This helps the community of developers, users, and experts to have a direct voice influencing future regulations regarding the cryptocurrency market in the United States.
How does this impact the cryptocurrency market?
Consultation results could lead to various scenarios: Clear rules promote legitimacy and institutional capital flows, increasing widespread adoption. Conversely, overly strict regulations on leverage and access for small investors could stifle innovation and push projects abroad.
The open consultation event is a rare opportunity for the U.S. cryptocurrency community to collaborate with regulators to build a balanced and practical future for the industry.
Frequently Asked Questions
What is the CFTC's crypto sprint?
The crypto sprint is a program that promotes the development of cryptocurrency regulations with public participation, helping the CFTC to develop effective regulatory mechanisms.
Who can participate in providing feedback during the consultation?
All individuals and organizations involved in the cryptocurrency market can submit comments to the CFTC through the official website.
Which agency does the CFTC collaborate with in managing the cryptocurrency market?
The CFTC closely collaborates with the U.S. Securities and Exchange Commission (SEC) and the White House to develop comprehensive policies.
What are the benefits of having clear regulations in cryptocurrency?
Transparent regulations help increase legitimacy, attract institutional investors, and promote widespread adoption of digital asset technology.
What risks may arise with strict regulations in cryptocurrency?
Overly strict regulations can stifle innovation, limit access for individual investors, and drive cryptocurrency projects to other countries.
Source: https://tintucbitcoin.com/cftc-trien-khai-crypto-sprint-mo-tham-van/
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