#CFTCCryptoSprint ion details will matter: It's one thing to announce a sprint; another to build the rules, infrastructure and market readiness.

Spot vs Futures distinction: Even though spot contracts are referenced, trading via DCMs may bring futures-style regulation (leverage/margin). Whether that changes market behaviour is uncertain.

Securities classification still in play: For assets that may be classified as securities, the SEC’s role remains relevant. Some confusion may persist about which assets fall under which regulator.