The Commodity Futures Trading Commission (CFTC) is moving forward with its “Crypto Sprint” initiative, aiming to put the White House’s crypto vision into action.
Phase Two: Public Input Needed
Acting CFTC Chair Caroline Pham announced the next phase of the Crypto Sprint. This involves gathering public feedback on recommendations from a White House report on digital asset markets. The goal? To help the CFTC figure out how to regulate retail crypto trading on registered exchanges. The deadline for submitting feedback is October 20, 2025. Pham emphasized the Trump administration’s desire to make the US a leader in crypto.
Working with the SEC
The CFTC’s Crypto Sprint started with a focus on spot crypto trading. The agency is collaborating with the Securities and Exchange Commission (SEC) on this, aiming for regulatory clarity and innovation in the crypto market.
Trouble at the CFTC?
Despite the ambitious plans, reports suggest internal turmoil at the CFTC. Bloomberg reported slowdowns in enforcement and difficulties in carrying out agency business due to staff shortages. This comes as the agency is expected to take on a much larger role in overseeing the crypto market.
The White House denies any problems, praising Acting Chair Pham’s efforts and highlighting President Trump’s commitment to making the US the global crypto hub.
Leadership Limbo
Adding to the uncertainty, the Senate delayed a vote on President Trump’s nominee for CFTC chairman, Brian Quintenz. This delay reportedly followed a White House request and came after pressure from some in the crypto industry who questioned Quintenz’s suitability for the role. Other crypto groups, however, have voiced their support for Quintenz’s appointment, emphasizing the need for a permanent chairman to lead the agency.
