#CreatorPad The CFTC (Commodity Futures Trading Commission) "Crypto Sprint" is an initiative launched to rapidly implement recommendations from a report by the President's Working Group on Digital Asset Markets.
The main goals and features of the Crypto Sprint include:
* Regulatory Clarity: The primary aim is to provide a clear regulatory framework for the digital asset industry.
* Spot Market Regulation: A key focus is on bringing spot trading of non-security crypto assets (commodities like Bitcoin and Ethereum) under the CFTC's regulatory oversight, especially for trades involving leverage or margin.
* Collaboration with the SEC: The CFTC is working closely with the Securities and Exchange Commission (SEC) and its "Project Crypto" initiative to coordinate on a joint rulemaking process and define jurisdictional boundaries.
* Innovation and Growth: The initiative seeks to foster innovation in digital asset markets while maintaining strong regulatory oversight, with the stated goal of making the U.S. the "crypto capital of the world.".