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CFTC Kicks Off New Crypto Sprint Initiative As US House Moves To Block CBDC

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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...

US CFTC Explores Spot Crypto Trading On Futures Exchanges As “Crypto Sprint” Initiative Kicks Off

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The US Commodity Futures Trading Commission (CFTC) is exploring spot crypto trading on futures exchanges, marking the first step in its “crypto sprint” initiative. “Under President Trump’s strong leadership and vision, the CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto,” CFTC Acting Chairman Caroline Pham said in an Aug. 4 statement .  CFTC Acts On “Crypto Sprint” Initiative In the statement, Pham said the spot trading initiative follows the recommendations in the US President’s Working Group on Digital Assets Markets report .  “There is a clear and simple solution the CFTC can implement now, ” Pham said. “The Commodity Exchange Act currently requires that retail trading of commodities with leverage, margin, or financing must be conducted on a DCM,” she added.  🚨NEW: The @CFTC is launching...