#CFTCCryptoSprint CFTC launched the Crypto Sprint initiative to regulate the sector.

The U.S. Commodity Futures Trading Commission (CFTC) has launched the Crypto Sprint initiative. It aims to implement the recommendations outlined in the report on the crypto segment, published by the working group of President Donald Trump.

"CFTC is not wasting any time in bringing President Trump's vision of turning America into the world's crypto capital to life," said Acting CFTC Chair Caroline Pham.

In the publication, Pham noted that CFTC will work closely with the U.S. Securities and Exchange Commission (SEC) and its Chair, Gary Gensler. The key goal of the agency is to ensure regulatory clarity and support innovation.

Pham also noted that CFTC will work on Project Crypto. This is a similar initiative launched by the SEC following the publication of the report. We covered it in detail earlier.