CFTC Chair Launches New Crypto Sprint to Implement White House Recommendations

Acting Commodity Futures Trading Commission (CFTC) Chairman Caroline D. Pham announced the launch of the agency’s next crypto sprint initiative, aimed at carrying out the recommendations of the President’s Working Group on Digital Asset Markets.

Building on listed spot trading

Earlier this month, Pham unveiled the CFTC’s first crypto sprint, which focused on enabling federally regulated spot trading for digital assets. That initiative, coordinated with the SEC’s Project Crypto, was presented as a cornerstone of the Trump administration’s push for American leadership in the digital economy.

In her latest announcement, Pham said the new sprint will expand to cover all remaining recommendations in the Working Group’s report, broadening the scope of stakeholder engagement across the agency.

Pham: “Golden Age of innovation”

“The Administration has made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” Pham said in prepared remarks. She pointed to strong support from market participants through public comment letters on the listed spot trading proposal, adding that this feedback will guide the agency as it evaluates issues related to leveraged, margined, or financed retail trading on CFTC-registered platforms.
“The Trump Administration has ushered in a new dawn for crypto, and it’s up to market participants to seize this opportunity to be a part of the Golden Age of innovation,” Pham said.

Public feedback invited

The CFTC emphasized that it will now begin formal engagement with stakeholders on all other recommendations from the Working Group’s report, Strengthening American Leadership in Digital Financial Technology.

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The agency is seeking public input by October 20, 2025, with all submissions to be published on the CFTC.gov website. Officials said feedback will be instrumental in shaping rules and procedures designed to balance market integrity, investor protection, and innovation.

Next steps for U.S. crypto regulation

With the CFTC and SEC now coordinating through parallel projects, the initiatives mark one of the most direct federal efforts yet to bring digital assets under a national regulatory framework. Market participants are watching closely to see how sprint initiatives translate into formal rulemaking – and whether they will accelerate U.S. competitiveness in the global crypto arena.