#CFTCCryptoSprint

U.S. agency moves forward with plan to regulate Bitcoin and Ethereum

This Monday (August 4), the U.S. Commodity Futures Trading Commission (CFTC) launched the Crypto Sprint. The initiative aims to accelerate the adoption of the suggestions presented in the White House report last week, which address assets such as Bitcoin and Ethereum.

On July 30, the White House published its long-awaited 180-Day Report on Digital Asset Policy. Prepared by the President's Working Group on Financial Markets, the document included key contributions.

In its 163 pages, the report lays the groundwork for a comprehensive U.S. strategy regarding regulation, market structure, innovation, and national security in the crypto sector. All of this is aligned with the Executive Order signed by Trump in January, which aims to strengthen U.S. leadership in digital financial technology.

CFTC as responsible for Bitcoin and Ethereum

One of the most relevant points was the suggestion to grant the CFTC greater authority over spot cryptocurrency markets that are not considered securities, such as Bitcoin and Ethereum. Additionally, the agency will oversee derivatives and futures contracts. The report also urges the agency to accelerate the modernization of rules, including the approval of perpetual contracts and the expansion of 24/7 trading.

In this way, the Crypto Sprint seeks to quickly implement the recommendations from the President's Working Group report on Financial Markets. The goal is to establish clear guidelines for the crypto ecosystem, strengthen U.S. competitiveness, and attract international investments.