CFTC Unveils New Phase in “Crypto Sprint” Initiative
The Commodity Futures Trading Commission (CFTC) has embarked on the subsequent stage of its “Crypto Sprint” initiative. This phase is dedicated to evaluating and implementing recommendations put forth by the White House, aiming to refine the regulatory framework surrounding digital assets.
CFTC Advances to Next Stage of “Crypto Sprint”
On Thursday, Caroline Pham, the acting chair of the CFTC, revealed that the agency is moving forward with the next stage of its initiative, following directives from President Donald Trump. The agency is actively seeking public input on the recommendations outlined in the President’s Working Group on Digital Asset Markets report.
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Pham emphasized the Trump administration’s commitment to facilitating immediate trading of digital assets at the federal level, describing it as a “top priority”. She noted, “The Trump Administration has ushered in a new era for cryptocurrency, and it’s crucial for market participants to capitalize on this opportunity to be part of a transformative wave of innovation.”
The agency has initiated a stakeholder engagement process, encouraging all interested entities to provide feedback and suggestions on the CFTC’s recommendations as detailed in the White House’s recent digital assets report by October 20, 2025. This feedback will help the CFTC in carefully addressing issues related to leveraged, margined, or financed retail trading on CFTC-registered exchanges as they implement the President’s directive.
As previously reported, the CFTC launched its “Crypto Sprint” on August 1, beginning with a spot crypto trading initiative. Following the Securities and Exchange Commission’s (SEC) “Project Crypto”, Pham mentioned that the agency intends to collaborate closely with SEC Chairman Paul Atkins and Commissioner Hester Peirce to bring clarity to regulations and encourage innovation within the digital assets market.
Regulatory Uncertainty Within CFTC?
The CFTC’s initiative is taking place amidst rumors of potential disarray within the regulatory agency. On Friday, Bloomberg, referencing anonymous sources, indicated that “disorder persists as the agency’s duties and potential market risks increase.”
According to the report, enforcement efforts have noticeably slowed down, and the shortage of commissioners has reportedly hindered essential agency operations. Bloomberg highlighted that this slowdown aligns with an impending expansion of the agency’s responsibilities, as the anticipated market structure bill is expected to shift significant crypto market oversight to the CFTC.
A White House representative refuted claims of disarray, stating, “President Trump is prioritizing making America the global leader in cryptocurrency, calling for a revitalized Commodity Futures Trading Commission to play a pivotal role in this endeavor. Acting Chairman Caroline Pham has been instrumental in initiating these efforts, and the Trump Administration appreciates her leadership and commitment to public service.”
Meanwhile, the agency remains in a leadership vacuum following the US Senate Agriculture Committee’s postponement of the vote on President Trump’s nominee for CFTC chairman, Brian Quintenz, just before the August recess. The committee reportedly delayed the vote at the White House’s request. Notably, Gemini exchange co-founders Tyler and Cameron Winklevoss allegedly urged President Trump to reconsider his CFTC nominee, expressing concerns that Quintenz might not sufficiently reform the CFTC or align with Trump’s agenda.
Earlier this week, a collection of crypto organizations sent a letter to the US President in support of Quintenz, emphasizing that appointing a permanent chairman is “crucial” for achieving the agency’s objectives. “Mr. Quintenz is uniquely qualified to advance clear and sound regulations that will promote responsible growth and innovation. He is the right leader at the right time for the CFTC,” the letter asserted.
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