CFTC Opens Next Phase of 'Crypto Sprint'

The U.S. Commodity Futures Trading Commission (CFTC) announced Thursday it is moving into the next stage of its “Crypto Sprint” initiative, aimed at implementing recommendations from the President’s Working Group on Digital Asset Markets.

What’s the Scoop?

• Public Feedback Window: The CFTC is collecting comments on the working group’s recommendations until Oct. 20, 2025, according to Acting Chair Caroline Pham.
• First Phase Recap: Earlier this month, the agency focused on enabling spot crypto trading on registered futures exchanges.
• Next Phase Scope: While details remain sparse, the CFTC said it will expand to issues like registration, custody, trading, and record keeping — areas flagged in the working group’s report.
• Inter-Agency Overlap: The effort runs parallel to the SEC’s “Project Crypto,” with Chair Paul Atkins recently saying most tokens don’t qualify as securities and promising a framework that future-proofs crypto markets.

Bankless Take:

Regulation is by and large perceived as a positive for the crypto industry. Although it remains to be seen what final CFTC and SEC regulations look like for the digital asset space, the industry is optimistic that clear guidelines will usher in the next phase of mass adoption.