Rostin Behnam, acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), recently announced the launch of a new phase of the 'Cryptocurrency Sprint Program,' ostensibly to implement the Trump administration's digital asset strategy, but in reality, it resembles a college student rushing to finish assignments before the end of the term—after all, a change in presidency is like changing knives, and if they don't push the KPIs forward, they will truly expire!
The focus of this 'sprint' is quite clear: to strongly push for federal-level regulation of digital asset spot trading. But the interesting part is that while the CFTC is shouting 'We are going to exert ourselves,' it does not forget to pull the SEC in for 'cooperative combat.' Translated into plain language, it roughly means: 'Dude, I can't be the only one to handle this hot potato of cryptocurrency, can I?' After all, the CFTC regulates commodities (like Bitcoin futures), the SEC regulates securities (like altcoins), and in reality, many cryptocurrencies can be described as 'quantum entangled states'—both commodities and securities—making the drama of the two agencies tossing the ball back and forth even more exciting than the volatility of the crypto market.
This operation seems to be a regulatory advancement, but in reality, it is a carefully designed power balancing act. The CFTC seizes the opportunity to expand its territory, the SEC silently observes, and market participants may hope for a bit of regulatory clarity—of course, on the condition that the two big players don't kick the ball so hard that it bursts.
That said, it is better for government agencies to 'sprint' than to just lie flat. I just hope they don't crash into the ditch along with the cryptocurrency market when they reach the finish line.