Haciyev Reşit 
The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has entered the second phase of the “Crypto Sprint” initiative, launched under President Donald Trump’s crypto roadmap. The agency stated that it will be collecting public feedback until October 20, 2025 as part of this process.
The New Phase of the Initiative
CFTC Acting Chair Caroline Pham said on Thursday that the agency has begun implementing the recommendations outlined in the President’s Digital Asset Markets Working Group report.
Pham emphasized that the agency will now focus on stakeholder engagement and that the proposals will be shaped through broad public consultation.
Progress After the First Phase
The first phase of the “Crypto Sprint” program was launched on August 4 and focused on enabling the trading of spot crypto-asset contracts on CFTC-registered futures exchanges.
Now, the initiative aims to move beyond spot trading by advancing inter-agency coordination and oversight in the areas of:
- Registration
- Custody
- Trading
- Recordkeeping
Call for Public Participation
In her remarks, Pham stated:
“The Administration has made clear that ensuring real-time trading of digital assets at the federal level is the top priority. Public feedback will help CFTC carefully evaluate issues related to leveraged, margined, or financed retail trading as we carry out the President’s directive.”
Coordination with the SEC
Some of the recommendations also call for cooperation between the CFTC and the Securities and Exchange Commission (SEC).
Last month, the SEC announced its own “Crypto Project.” SEC Chair Paul Atkins said the initiative would modernize securities rules and “prepare America’s financial markets to operate on-chain.”
The new phase of the “Crypto Sprint” initiative highlights that a more comprehensive roadmap for digital asset regulation in the U.S. is beginning to take shape. With public participation, the CFTC aims to create a clearer and stronger regulatory framework for crypto markets.
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