The US cryptocurrency regulation strikes again! CFTC Acting Chair Pham announces the launch of a new round of regulatory sprint plans, targeting the standardization of the digital asset market and directly responding to the core recommendations of the "Presidential Working Group on Financial Markets Report on Digital Assets."
This regulatory acceleration is not simple: it aims to promote immediate trading of digital assets at the federal level (a key task for the Trump administration) and is linked to the SEC's Project Crypto. The two major agencies are working together, and the crypto market is facing a strong regulatory "one-two punch."
From now until October 20, all relevant parties can submit feedback, and opinions will be publicly disclosed— the direction of this regulatory storm is awaiting the "collective vote" of the market participants.