#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 laid out in the report on the crypto segment published by President Donald Trump's working group.

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

Pham also highlighted that CFTC will work on Project Crypto. This is a similar initiative launched by the SEC after the report was published. We covered it in detail earlier.