The U.S. Commodity Futures Trading Commission (CFTC), led by Acting Chairman Caroline D. Pham, has announced the launch of a 'crypto sprint' initiative. This initiative aims to integrate spot crypto trading with futures on regulated exchanges.
Launch of Crypto Sprint
The CFTC has initiated a program called 'crypto sprint' that focuses on integrating spot crypto trading with existing futures markets. This measure aligns with the priorities of the SEC and the U.S. President.
Goals and Expectations of the Initiative
The primary goal of the 'crypto sprint' is to modernize market oversight in the U.S. and promote innovation in digital asset markets. The initiative is expected to have a positive impact on liquidity and enhance investor confidence in digital markets.
Comments from CFTC Leadership
Caroline D. Pham, Acting Chairman of the CFTC, stated, 'The CFTC is wasting no time in fulfilling President Trump’s vision to make America the crypto capital of the world.'
The innovations introduced by the CFTC may significantly alter the landscape of digital asset markets, facilitating increased participation from both institutional and retail investors in trading.
