CFTC launches the second round of "Crypto Assets Sprint"! Trump White House pushes for regulatory reform, inviting the industry to submit opinions before October.

The acting chair of the Commodity Futures Trading Commission (CFTC), Caroline D. Pham, announced the official launch of the second round of “Crypto Sprint” to implement the policy recommendations of the White House President’s Working Group on Digital Asset Markets and to strengthen interaction with the encryption industry. This action is seen as an important step in the Trump administration’s commitment to “winning crypto assets.” The CFTC is also simultaneously opening a public comment period for market participants, with a deadline of October 20.

Second Round of “Crypto Assets Sprint” Focuses on Spot Trading and Leverage Regulations

Pham stated that the core of this action is to collect industry opinions on CFTC registered exchange leverage, margin, and financing retail trading, to provide a basis for establishing a clearer regulatory framework for spot Crypto Assets trading.

She emphasized: “Public feedback will help the CFTC more accurately consider how to promote innovation and compliance while ensuring market safety.”

18 Recommendations of the Presidential Task Force

The White House President’s Digital Asset Market Working Group presented 18 policy recommendations to the CFTC, two of which are directly related to the agency:

Regulatory Clarity: Clearly defining the legal status of crypto assets as commodities, guiding DeFi companies on how to comply with registration requirements, and delineating the scope of crypto activities that CFTC-regulated entities can engage in.

Rule Revision: Study how to modify existing rules to adapt to blockchain-based derivatives.

The remaining 16 recommendations involve other regulatory agencies such as the Department of the Treasury and the SEC, covering interdepartmental collaboration and the unification of regulatory standards.

Collaborate with the SEC to advance regulatory clarity

The CFTC has stated that in the first round of the “Crypto Assets Sprint,” it will work closely with the SEC to utilize existing authorities to promote rulemaking and provide the market with “comprehensive regulatory transparency.”

This means that future U.S. crypto regulation will be more inclined towards inter-agency collaboration, reducing regulatory overlap and gray areas.

The chairman’s nomination is undecided, and personnel changes within the institution are frequent

Currently, the CFTC has only two commissioners: Acting Chair Caroline D. Pham and Kristin N. Johnson (expected to resign later this year).

The chairman nominee Brian Quintenz, nominated by Trump, has had the Senate vote postponed due to White House intervention. Multiple crypto advocacy organizations have called for a “swift confirmation,” believing that a permanent chairman is crucial for advancing crypto regulation reforms.

Since Trump took office, several senior officials have left the CFTC, including former chairman Rostin Behnam and two commissioners Summer Mersinger and Christy Goldsmith Romero.

Potential Impact on the Market

The launch of the second round of “Crypto Assets Sprint” means that U.S. regulatory agencies are accelerating the formulation of rules for spot crypto trading and the derivatives market, and may introduce clearer standards for leverage and margin trading.

For the encryption industry, this is both a challenge and an opportunity:

Challenge: Compliance costs may rise, especially with leverage and DeFi platforms.

Opportunities: Improved regulatory clarity helps attract more institutional funds into the market.

Conclusion

The second round of “Crypto Assets Sprint” by the CFTC is not only an important step for the Trump administration’s encryption policy, but it may also become a turning point in the regulatory landscape of Crypto Assets in the United States. As the deadline for public comment (October 20) approaches, market participants are facing an opportunity that directly affects the regulatory framework. For more updates on Crypto Assets regulation and policy, please follow the official Gate platform.