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The U.S. Commodity Futures Trading Commission (CFTC) announced that it will officially launch the "Crypto Sprint" program on August 1, 2025. This initiative aims to quickly implement the 18 recommendations put forward by the Digital Asset Market Working Group. The core objective of the program is to establish a clear regulatory framework for encryption, further solidifying the United States' leading position in the global encryption field.
CFTC Acting Chair Caroline Pham emphasized that the committee will work closely with the Securities and Exchange Commission (SEC) to provide clear regulatory guidance for industry participants through "Project Crypto," while strongly supporting the innovative development of blockchain technology.
This initiative covers multiple key areas, including the establishment of commodity classification standards for encryption assets, setting registration rules for decentralized finance (DeFi) platforms, and building a regulatory framework for blockchain derivatives. Additionally, the CFTC plans to explore the establishment of a regulatory sandbox to provide a testing ground for innovative projects.
To adapt to the fast-developing encryption market, the CFTC has revoked some outdated regulatory guidelines and completed public consultations on 24/7 trading and perpetual derivatives. The new regulations will allow spot contracts for cryptocurrencies such as Bitcoin and Ethereum to be listed on CFTC-registered futures exchanges (such as the Chicago Mercantile Exchange CME), a move expected to significantly enhance market transparency.
The CFTC has set a public feedback period until August 18, with the relevant rules expected to be officially released in early 2026. This series of measures echoes the government's vision of making the U.S. the "encryption capital" and may attract global capital attention, sparking widespread discussion in the encryption industry.
With the advancement of the "Crypto Sprint" initiative, the industry generally believes that this will bring a clearer regulatory environment to the U.S. encryption market, which is beneficial for promoting innovation and also provides better protection for investors. However, there are also viewpoints that regulatory agencies need to find a balance between encouraging innovation and preventing risks to ensure that the U.S. remains competitive in the global encryption economy.