#ProjectCrypto

CFTC LAUNCHES "CRYPTO CAMPAIGN" UNDER NEW PLAN FROM PRESIDENT TRUMP

🔹The U.S. Commodity Futures Trading Commission (CFTC) is moving quickly to implement President Trump's new crypto order

🔹Acting Chair Caroline Pham stated they are working closely with the SEC to roll out the "Crypto Project" initiative

🔹Trump's crypto advisory group has made 18 recommendations for the CFTC, including:

— Clarifying how crypto is viewed as a commodity

— Guiding how to apply laws to DeFi

— Updating regulations for blockchain-based derivative products

🔹The CFTC and SEC are also required to work together to:

— Develop clearer rules for the crypto market

— Implement a "regulatory sandbox" to test new ideas

— Allow companies to offer multiple services on a single application