CFTC Launches ‘Crypto Sprint’ to Accelerate Trump’s Digital Asset Vision

In a major step toward realizing President Donald Trump’s new digital asset agenda, the Commodity Futures Trading Commission (CFTC) has launched a "Crypto Sprint" program to quickly put into action the most important suggestions from last week's White House report on regulating cryptocurrencies.

Caroline Pham, the acting chairman of the CFTC, unveiled the program on Monday. She stressed the administration's goal of making the US the world leader in crypto innovation.  “The CFTC is wasting no time in fulfilling President Trump’s vision to make America the crypto capital of the world. Providing regulatory clarity now and fostering innovation in digital asset markets will deliver on the Administration’s promise to usher in a Golden Age of Crypto,” Pham stated.

Working Group on Digital Asset Markets Releases Landmark Report

The move follows the release of a landmark 168-page report by President Trump’s Working Group on Digital Asset Markets. The report lays out a detailed plan for bringing cryptocurrencies into the mainstream U.S. financial system while also encouraging new ideas and market growth. The study asked Congress to make sure that people have the right to keep their digital assets without having to rely on other people.

The research also said that banks that deal with cryptocurrencies should get clearer rules from regulators. It also indicated that the CFTC should have more power to watch over spot markets for crypto commodities. It also suggested that the CFTC and the Securities and Exchange Commission (SEC) work together to make the regulations for trading and registering digital assets easier to understand.

While the CFTC did not provide specific details on the areas it will address in the Crypto Sprint, Pham confirmed that the commission will work closely with the SEC to advance “Project Crypto,” a broader initiative to modernize securities regulations and help the financial system transition to blockchain-based infrastructure. SEC Chairman Paul Atkins noted that Project Crypto would focus on drafting new rules around digital asset custody, trading, and distributions.

These developments mark a sharp departure from the previous administration’s more cautious and often ambiguous approach to cryptocurrency regulation, which was widely criticized by industry leaders for stifling innovation and leaving businesses in regulatory limbo. With the CFTC and SEC now aligned under a cohesive federal strategy, the U.S. may be poised to establish itself as a global hub for digital asset innovation, a shift that could have profound implications for markets, investors, and the future of finance.