US CFTC launches 'Crypto Sprint'…"Aiming to make the US the capital of virtual assets"
Summary
- The US CFTC announced that it will launch the 'Crypto Sprint' to foster the 'virtual asset' market.
- This measure is said to be the first step in implementing the recommendations of the presidential 'Virtual Asset Working Group'.
- The CFTC stated that it has been focusing on invigorating the virtual asset industry this year by securing regulatory clarity and participating in pilot programs.
The US Commodity Futures Trading Commission (CFTC) has announced the launch of the 'Crypto Sprint (Crypto Sprint)' to actively foster the virtual asset (cryptocurrency) market.
On the 1st (local time), Caroline Pham, Acting Chair of the CFTC, stated, "We will waste no time in realizing President Donald Trump's vision of making the country the capital of the virtual asset world," as she announced the start of Crypto Sprint.
This measure represents the first step in implementing the recommendations of the presidential Virtual Asset Working Group (PWG), and Acting Chair Pham revealed plans to fully promote Project Crypto through collaboration with Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), and Hester Peirce, SEC Commissioner.
Meanwhile, since January this year, the CFTC has organized the ▲first Crypto CEO Forum ▲scrapped outdated staff recommendations ▲issued new guidelines to enhance regulatory clarity. The CFTC is also participating as an observer in pilot programs for the virtual asset market and in tokenization projects within the industry.
Suehyeon Lee
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