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CFTC's ‘Crypto Sprint’ Launches 2nd Phase, Seeks New Input
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CFTC’s ‘Crypto Sprint’ Launches 2nd Phase, Seeks New Input

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The Commodity Futures Trading Commission (CFTC) has announced the next phase of the agency’s “Crypto Sprint” initiative, which aims to examine and implement recommendations from the White House.

CFTC Launches New “Crypto Sprint” Phase

On Thursday, CFTC acting chair Caroline Pham announced that the agency would begin the next phase of its initiative to advance President Donald Trump’s vision and is seeking the public’s feedback on the recommendations in the President’s Working Group on Digital Asset Markets report.

Pham announces second phase of CFTC’s “Crypto Sprint”. Source: Caroline Pham on X

Pham highlighted that the Trump administration has “made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” adding, “The Trump Administration has ushered in a new dawn for crypto, and it’s up to market participants to seize this opportunity to be a part of the Golden Age of innovation.”

The agency has initiated stakeholder engagement and invited all interested parties to submit feedback and suggestions on all recommendations for the CFTC in the White House’s recent digital assets report by October 20, 2025.

“The public feedback will assist the CFTC in carefully considering relevant issues for leveraged, margined or financed retail trading on a CFTC-registered exchange as we implement the President’s directive,” Pham stated.

As reported by Bitcoinist, the CFTC unveiled its “Crypto Sprint” on August 1, which started with a spot crypto trading initiative. Following the Securities and Exchange Commission’s (SEC) launch of its “Project Crypto,” Pham revealed that the agency would work closely with SEC Chairman Paul Atkins and Commissioner Hester Peirce to provide regulatory clarity and foster innovation in the digital assets market.

“I am pleased with the many thoughtful letters from stakeholders in support of the CFTC’s listed spot crypto trading initiative, which, in coordination with the SEC’s Project Crypto, answers President Trump’s call to action for American leadership,” said the CFTC acting chair on Thursday.

Chaos In The Regulatory Agency?

The CFTC’s initiative comes amid rumors of chaos in the regulatory agency. On Friday, Bloomberg, citing anonymous sources, affirmed that “turmoil continues as the agency’s responsibilities, and the potential market risks, are multiplying.”

According to the report, enforcement has significantly slowed, and the commissioner’s shortage has allegedly made it difficult to carry out critical agency business. “The CFTC’s curtailment coincides with a looming expansion of the agency’s responsibilities,” Bloomberg noted, as the highly anticipated market structure bill is expected to shift most of the crypto market oversight to the CFTC.

A White House spokesperson denied that the agency is in disarray, telling the news media outlet that “President Trump has made it a priority to make America the crypto capital of the world, and in doing so has called for the revitalization of the Commodity Futures Trading Commission to play a larger role in securing this promise. Acting Chairman Caroline Pham has done a good job beginning this effort, and the Trump Administration is thankful for her leadership and dedicated public service.”

Meanwhile, the agency also remains in a leadership limbo after the US Senate Agriculture Committee delayed the vote on President Trump’s nominee for CFTC chairman, Brian Quintenz, days before the August recess.

The committee reportedly delayed the vote following a request from the White House. Notably, Tyler and Cameron Winklevoss, Gemini exchange co-founders, allegedly pressed President Trump in July to reconsider his CFTC nominee, arguing that Quintenz wouldn’t “shake up the CFTC enough” and is not “aligned with Trump’s agenda.”

Earlier this week, a group of crypto organizations sent a letter to the US President in support of Quintenz, arguing that installing a permanent chairman is “absolutely critical” to realize the agency’s goals.

“Mr. Quintenz possesses a singular capacity to advance sound and clear regulation that will foster responsible growth and innovation. He is, quite simply, the right person at the right time to lead the CFTC,” the letter concluded.

Bitcoin (BTC) trades at $115,195 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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CFTC Opens Next Phase of Crypto Sprint, Seeks Public Input on Broader Rules

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In brief

  • Acting chair Caroline Pham said Thursday the sprint expands to custody, leveraged retail trading, and consumer protections, with feedback due October 20.
  • The initiative is part of a four-phase process that began August 1, running alongside the SEC’s Project Crypto.
  • Observers told Decrypt the U.S. is shifting from enforcement to enablement, positioning itself to set global standards in digital asset markets.

The Commodity Futures Trading Commission is proceeding with the third phase of its “crypto sprint,” a series of accelerated rulemaking efforts designed to implement recommendations from the President’s Working Group on Digital Asset Markets.

“The Administration has made it clear that enabling immediate trading of digital assets at the Federal level is a top priority,” acting CFTC chair Caroline Pham wrote in a statement on Thursday.

The CFTC’s latest sprint expands beyond spot crypto trading to address all remaining recommendations from the working group’s report on strengthening American leadership in technologies such as crypto and digital assets.



The CFTC appears to be “trying to lay a regulatory bedrock by seeking to establish a unified, federal-level spot market for crypto assets,” Andrew Rossow, a public affairs attorney and CEO of AR Media Consulting, told Decrypt.

“It begins to address this state-by-state fragmentation and long-time occupancy of this grey zone,” Rossow said, adding that he thinks the moves are made as part of a “federal legitimacy strategy” to create “foundational reform.”

Still, retail investors would “most likely benefit from heightened protections,” once the “federal handcuffs” are lifted to restore trust in a space “long tarnished by poor oversight,” he added.

What’s it all about

The report seeks to provide a unified federal framework for digital asset markets, addressing gaps in market structure, custody, stablecoin regulation, and anti-money laundering standards.

Remaining sprints are expected to tackle unresolved issues around DeFi oversight, banking access, tax clarity, and inter-agency coordination.

Thursday’s announced sprint is the third in a four-part series. The first, on August 1, laid the framework. The second, on August 4, launched the spot trading initiative. 

The latest expands to broader rulemaking, while a forthcoming fourth sprint is expected to translate stakeholder feedback into formal rules and supervisory guidance.

“The U.S. is asserting control over digital dollars and setting the standards others may follow,” Ray Youssef, CEO of crypto messaging and P2P trading app NoOnes, told Decrypt. “Countries that once hesitated may be pushed to adopt similar frameworks or risk falling behind in the race to modernize finance.”

The CFTC has set an October 20 deadline for comments on the broader set of recommendations. The federal agency did not immediately respond to Decrypt’s request for comments.

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U.s. Treasury Seeks Public Input On Genius Stablecoin Bill
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U.S. Treasury Seeks Public Input on GENIUS Stablecoin Bill

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The U.S. Treasury has launched a public consultation on the GENIUS Act, a new law that aims to regulate stablecoins, digital dollars with a fixed value, and improve the role of America in global digital finance.

The Treasury is seeking the input of citizens, businesses, and professionals regarding the regulation of stablecoins, including the use of artificial intelligence, blockchain surveillance, digital identity verification, and application programming interfaces (APIs).

Today, Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in President Trump’s Executive Order on “Strengthening American Leadership in Digital…

— Treasury Department (@USTreasury) August 18, 2025

These inputs will assist in evaluating the advantages, expenses, privacy threats, and cybersecurity issues of these technologies. The deadline to submit is October 17, 2025, and submissions will be published on regulations.gov.

The GENIUS Act, signed earlier this year on July 18, 2025, creates a clear framework for U.S.-based stablecoin issuers. It builds on the U.S. President Donald Trump’s Executive Order 14178, which also allowed crypto investments in 401(k) retirement plans. 

Treasury Secretary Scott Bessent called the law a “win-win-win” for users, issuers, and the government, saying it will expand global access to the U.S. dollar and boost demand for U.S. Treasuries, the bonds backing stablecoins.

Implementing the GENIUS Act is essential to securing American leadership in digital assets.

Stablecoins will expand dollar access for billions across the globe and lead to a surge in demand for U.S. Treasuries, which back stablecoins.

It’s a win-win-win for everyone involved:… https://t.co/p5nRQpBfnw

— Treasury Secretary Scott Bessent (@SecScottBessent) August 18, 2025

Industry leaders have praised the move. Jeremy Allaire, CEO of Circle, a major stablecoin issuer, called it “more than financial legislation,” emphasizing that it shows the U.S. is ready to embrace innovations that make finance safer, more transparent, and inclusive. 

He credited policymakers, developers, and Circle’s team for driving the effort and described the law as the “starting gun” for a new era in financial technology.

The GENIUS Act signals that the U.S. is serious about leading in digital assets. By regulating stablecoins, the law aims to make digital dollars secure for billions worldwide while encouraging technological innovation in the financial system. 

Public participation now will shape how the law is implemented and how stablecoins grow globally.

Also Read: Banks call for action on GENIUS Act stablecoin yield loophole





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Treasury seeks public input on detection of illicit activity in digital assets
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Treasury seeks public input on detection of illicit activity in digital assets

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The United States Department of the Treasury is seeking public feedback on innovative methods and tools for detecting illicit activity in the digital assets industry.

Summary

  • U.S. Treasury has asked for public comments on tools used to detect and monitor illicit activity in the digital assets ecosystem.
  • The public have until October 17, 2025 to share their input as required under the GENIUS Act.

The U.S. Treasury said in a press release that interested members of the public have an opportunity to provide comments on the techniques or strategies that regulated institutions use to detect and mitigate illicit finance risks in the crypto space. 

Focus areas of the public input will be on four key aspects of the ecosystem. These are: application programming interfaces, digital identity verification, artificial intelligence, and blockchain technology use and monitoring.

Why public input?

The notice fulfills a requirement under GENIUS Act, the landmark U.S. stablecoin law President Donald Trump signed into law in July 2025. According to the government agency, the public have 60 days from the date of publishing the request for comment notice in the Federal Register to give their input, with this deadline set for October 17, 2025.

Public feedback on this matter helps the administration’s quest for policy that supports responsible growth and use of cryptocurrencies. Treasury’s move aligns with Trump’s executive order on “Strengthening American Leadership in Digital Financial Technology,” signed on January 23, 2025.

“Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of the GENIUS Act, which creates a comprehensive regulatory framework for stablecoin issuers in the United States. The GENIUS Act and E.O. 14178 together promote U.S. leadership in digital assets and bolster U.S. national security,” the U.S. Treasury noted.

The GENIUS Act requires the Treasury to use feedback from the public input to inform its research on aspects such as effectiveness of tools, costs involved, privacy features, and the cybersecurity risks of the tools.

In the cryptocurrency and blockchain security and analytics ecosystem, platforms such as Chainalysis and TRM Labs have become critical components with tools to detect and alert on potential threats and risks.



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