US CFTC announces launch of crypto sprint plan to align with SEC's "Project Crypto"
Online reported that Caroline D., acting chairman of the Commodity Futures Trading Commission. Pham announced today that the CFTC will launch a cryptocurrency sprint and begin implementing the recommendations of the President's Digital Asset Markets Working Group report. "The CFTC is rushing to realize President Trump's vision of making the United States the world's cryptocurrency capital," said Acting Chairman Fan. "We will work closely with SEC Chairman Paul Atkins and Commissioner Hester Pierce to advance the 'cryptocurrency project'. Providing regulatory transparency and promoting innovation in digital asset markets now will fulfill the government's promise to usher in a golden era of cryptocurrencies." Since January this year, the CFTC has held its first cryptocurrency CEO Forum, withdrawn outdated employee advice and issued new guidance aimed at improving regulatory transparency for cryptocurrency and digital asset innovators and entrepreneurs in the U.S. and beyond. The CFTC has discussed digital asset market pilot projects and participated as an observer in industry tokenization initiatives. The U.S. Commodity Futures Trading Commission (CFTC) recently completed a public comment period on two cryptocurrency market innovations-24/7 trading and perpetual derivatives. Perpetual derivatives have been available for trading on the designated contract market (DCM) registered with the CFTC since April, and 24/7 trading has also been available since May.
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