After SEC’s “Project Crypto,” CFTC Launches “Crypto Sprint” in Response to White House Report
Following last week's crypto-focused report from the Trump administration, major U.S. financial regulators are beginning to take action. Just days after SEC Chairman Paul Atkins unveiled “Project Crypto,” the Commodity Futures Trading Commission (CFTC) has now announced its own initiative — “Crypto Sprint.”
The White House's advisory report on digital assets and cryptocurrencies has started to ripple through the financial sector. One of its key recommendations was to grant the CFTC authority over cryptocurrencies classified as commodities, particularly in the spot markets.
CFTC Kicks Off "Crypto Sprint"
In response to the report and in alignment with the Digital Asset Working Group led by former President Trump, the CFTC has launched "Crypto Sprint" — a new initiative aimed at rapidly implementing the report’s recommendations. The name “Sprint” emphasizes the agency’s shift from discussion and exploration toward swift, action-oriented regulation.
Collaboration Between CFTC and SEC
The 170-page White House report also suggested that the CFTC should coordinate closely with the SEC (Securities and Exchange Commission) to bring clarity to regulatory frameworks, especially regarding trading and registration procedures for crypto platforms and investors.
CFTC Chair Caroline Pham confirmed the importance of this cooperation, stating that the agency would remain in close contact with the SEC moving forward. However, Pham refrained from sharing specific details on what steps the CFTC would take next.
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