US CFTC launches full-scale 'Crypto Sprint'... "Commences collection of market participants' feedback"

The Commodity Futures Trading Commission (CFTC) has fully launched a 'crypto sprint' to implement the recommendations of the Presidential Working Group on Financial Markets for Digital Assets.

Caroline D. Pham, the Acting Commissioner of the CFTC, issued a statement on the 21st (local time), declaring, "Starting today, the CFTC will begin collecting market participants' feedback on all items in the recommendations."

Commissioner Pham stated, "The administration has made it clear that activating virtual asset transactions at the federal level is an immediate top priority," and emphasized, "This move to align with the Securities and Exchange Commission (SEC)'s 'Project Crypto' is a response to President Donald Trump's call for strengthening US leadership."

She added, "There is a need to design systems at the registered exchange level regarding leveraged, margin, and financially enabled trading by retail investors, and this hearing process will play a crucial role in fulfilling the president's directive."

She continued, "The Trump administration has ushered in a new era of virtual asset innovation. Now, it is up to market participants to seize this opportunity and lead the 'golden age of innovation.' Starting today, we will also begin full discussions on the remaining recommendations. This is part of the process of fulfilling the president's promise of victory in virtual assets."

The CFTC is receiving feedback from stakeholders on all recommendations aimed at strengthening US leadership in virtual asset financial technology. All submitted feedback will be disclosed on the CFTC website. The deadline for submitting feedback is October 20, 2025.