The US Commodity Futures Trading Commission announced it will kick off a “crypto sprint” to begin implementing recommendations from the President’s Working Group on Digital Asset Markets report, framed as part of “Project Crypto”. The initiative is intended to accelerate regulatory clarity for crypto and digital asset markets and will involve coordination with Securities and Exchange Commission Chairman Paul Atkins and Commissioner Hester Peirce. The CFTC linked the sprint to work already underway since January, including convening a first-ever Crypto CEO Forum, withdrawing outdated staff advisories, and issuing new guidance. It also pointed to discussions on a digital asset markets pilot program and participation as an observer in industry tokenization initiatives. Separately, the agency recently completed a public comment period on 24/7 trading and perpetual derivatives, noting that perpetual derivatives have been live on CFTC-registered designated contract markets since April and 24/7 trading since May.
Commodity Futures Trading Commission 2025-08-01
US Commodity Futures Trading Commission launches crypto sprint to implement President’s Working Group digital asset market recommendations
The US Commodity Futures Trading Commission (CFTC) launched a "crypto sprint" under "Project Crypto" to implement recommendations from the President’s Working Group on Digital Asset Markets, aiming to enhance regulatory clarity. This involves coordination with SEC Chairman Paul Atkins and Commissioner Hester Peirce, and builds on previous efforts like a Crypto CEO Forum and new guidance issuance. The CFTC also completed a public comment period on 24/7 trading and perpetual derivatives, active on CFTC-registered markets since April and May.