$ENA It looks like you're asking about “CFTC Crypto Sprint”—the Commodity Futures Trading Commission’s (CFTC) fast‑track initiative around U.S. crypto regulation.
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🏁 What is the CFTC Crypto Sprint?
Launched on August 1, 2025, by Acting Chairman Caroline Pham, the Crypto Sprint is a rapid implementation effort to act on the White House’s digital asset recommendations. It’s part of a broader collaboration with the SEC under the banner of Project Crypto.
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🔑 Key Components
1. Spot Crypto Trading on Futures Exchanges
The CFTC has proposed allowing spot crypto asset contracts (e.g., Bitcoin, Ether) to trade on CFTC‑registered designated contract markets (DCMs) using existing futures‑exchange frameworks.
This leverages Section 2(c)(2)(D) of the Commodity Exchange Act, which currently governs leveraged commodity trading—now extended to apply to spot crypto via listed contracts.
Public comments are invited until August 18, 2025, on how this implementation should proceed.
2. Coordination with SEC’s “Project Crypto”
The initiative is fully aligned with the SEC’s parallel effort called Project Crypto, highlighting joint work on token classification, custody rules, and hybrid platform models.
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📌 Why It Matters
This represents the first time U.S. regulators have signaled a federal-level path for spot crypto markets under the CFTC’s jurisdiction.
It aims to reduce reliance on offshore, unregulated crypto venues and bolster institutional access to compliant onshore trading.
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🗓 Timeline & Regulatory Context
Date Milestone
May 2025 CFTC approved 24/7 crypto futures trading and perpetual contracts on DCMs.
August 1, 2025 Crypto Sprint launched by Acting Chair Pham to act on the White House’s recommendations.
