CFTC Takes Action Following Presidential Task Force Recommendations on Crypto

The U.S. Commodity Futures Trading Commission (CFTC) has launched a new initiative to bolster crypto market oversight, following recommendations from the President’s Working Group on Financial Markets report on digital assets. CFTC Acting Chair Caroline D. Pham announced this expansion as part of its ongoing crypto sprint program. This move seeks to address the SEC’s Project Crypto, which aims to enhance regulatory clarity for cryptocurrency markets. Pham emphasized that real-time trading of cryptocurrencies at the federal level is a crucial priority. The CFTC’s spot crypto listing plan aligns with this initiative and will be informed by public feedback regarding leverage, margin, and retail trading policies.