CFTC Kicks Off New Crypto Sprint Initiative As US House Moves To Block CBDC
The US Commodity Futures Trading Commission (CFTC) has launched a new phase of its “Crypto Sprint” initiative while lawmakers have slipped an anti-CBDC provision into a “must-pass” defense bill. Acting CFTC Chair Caroline D. Pham said in a statement that the regulator will begin “stakeholder engagement” on all of the recommendations made in a 166-page report released by the President’s crypto working group, and will now take public input from crypto market participants. “The Administration has made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” Pham said in the statement. “The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President’s directive,” she added. CFTC To Help Deliver Trump’s Promise To “Win On Crypto...