CFTC advances to a new phase of initiative to expand access to cryptocurrencies in the U.S.
The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday (21) a new stage of its agenda focused on the digital asset market. This measure is part of the Crypto Sprint initiative, launched in early August, and aims to expand access to regulated cryptocurrency trading.
According to the acting chair of the CFTC, Caroline D. Pham, the second phase of the program goes beyond the initial focus on spot trading and addresses the recommendations of the President's Working Group Report on Digital Asset Markets.
The agency stated that it will begin consulting industry participants to gather suggestions and define oversight strategies. The priority, according to Pham, is to accelerate the creation of rules that enable regulated trading at the federal level.
> "The Administration has made it clear that enabling the immediate trading of digital assets is a central priority," said the acting chair.
The CFTC is also expected to intensify cooperation with the U.S. Securities and Exchange Commission (SEC) to evaluate oversight mechanisms for leveraged trading, margin trading, or trading financed on registered exchanges.
The regulatory body emphasizes that the initiative aims to harmonize federal guidelines, ensure transparency, and provide more security for investors. For Pham, this measure represents not only a regulatory advancement but also a milestone in the development of the digital asset market in the country.
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