Caroline Pham, the acting chairman of the Commodity Futures Trading Commission (CFTC), has announced the launch of a new phase of the cryptocurrency-related initiative called "crypto sprint."
The initiative was initially announced on Aug. 1 following the launch of the U.S. Securities and Exchange Commission's "Project Crypto."
Crypto sprint continues
During this phase, the influential regulatory agency will keep implementing a slew of recommendations from the landmark White House report on digital assets that was introduced in July.
HOT Stories Apple Fixes Critical Vulnerability That Put Your Crypto in DangerCFTC Launches New Phase of ‘Crypto Sprint’Ripple to Bring RLUSD to Japan Shiba Inu (SHIB) Hiding 200% Potential, Bitcoin (BTC): This Is Where Problem Begins, Ethereum (ETH) Ready for $5,000 Recovery
Specifically, the report pushes for granting the CFTC jurisdiction over spot crypto markets for those tokens that are not considered to be securities.
It also recommends establishing the agency's authority over crypto exchanges.
The second phase of "crypto sprint" focused on enabling the trading of spot digital asset contracts on regulated futures exchanges. Earlier this August, it started seeking public feedback on the listing of such contracts.
SEC's "Project Crypto"
As reported by U.Today, the SEC also recently announced the launch of "Project Crypto," which aims to create a modern regulatory framework for digital assets.
The report introduced by the White House has introduced a broad cryptocurrency policy roadmap that also involves banking regulators, tax authorities as well as law enforcement agencies.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
