CFTC Launches Crypto Sprint for Fast-Track Regulation

On 1 August 2025, the U.S. Commodity Futures Trading Commission (CFTC) launched a “crypto sprint” to rapidly initiate proposals from the President’s Working Group on Digital Assets. The action is part of a broader initiative known as Project Crypto, which seeks to make the U.S. a crypto world leader. Acting CFTC Chairman Caroline D. Pham said the agency is working closely with SEC Chairman Paul Atkins and Commissioner Hester Peirce.

Their shared goal is to provide regulatory clarity while supporting innovation in crypto and digital assets. This aligns with President Trump’s plan to make America the “crypto capital of the world.” Since January, the CFTC has moved forward on several fronts to modernize its crypto policies. These include a Crypto CEO Forum, eliminating outdated guidance, and making clearer rules for startups. The commission is also exploring a pilot program to test new ideas in crypto regulation, such as tokenization and 24/7 markets.

The CFTC recently finished gathering public feedback on two big crypto features: 24/7 trading and perpetual derivatives. Both are already live, perpetual derivatives since April, and 24/7 trading since May, on registered crypto exchanges. The Senate Agriculture Committee is also preparing a draft paper for release in September. It will define the CFTC’s role in crypto oversight, especially over digital commodity spot markets and derivatives. This effort complements a separate proposal from the Senate Banking Committee focused on the SEC’s crypto role.