US CFTC Launches Next Stage of ‘Crypto Sprint,’ Public Consultation Open on Trading Guidelines

Jimmy Aki
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On August 21, the U.S. Commodity Futures Trading Commission (CFTC) launched the second phase of its crypto sprint, shifting its focus to direct engagement with stakeholders. As part of this effort, the agency is inviting crypto market participants to share feedback on how spot crypto trading rules can be improved.

Feedback to Shape Retail Crypto Trading on CFTC-Registered Exchanges

The acting CFTC chair, Caroline D. Pham stated in an official press release that the public feedback will help the Commission weigh key issues around leveraged, margin, and financed retail trading on CFTC-registered exchanges.

These steps are part of the agency’s broader mission to deliver on President Trump’s pledge to “win on crypto.”

The regulator also confirmed that public comments on its proposals are due by October 20. Final rules are expected in the fourth and concluding phase of the initiative.

This second phase of the crypto sprint does not exist in isolation. Earlier this month, the regulator launched its first crypto sprint phase, an initiative to examine how spot crypto asset contracts could be traded on CFTC-registered futures exchanges.

In its opening statement, the CFTC said it would work closely with the US Securities and Exchange Commission (SEC) with the goal to build a rulemaking process and rely on existing powers to deliver strong regulatory clarity.

The launch came just a week after President Trump’s White House issued a 166-page report outlining detailed policy recommendations for crypto regulation in the U.S.

The report highlighted 18 specific recommendations for the CFTC. Two of these tasks fall squarely under the CFTC’s responsibility. The other 16 recommendations involve coordination with agencies such as the Treasury and the SEC. Judging by its recent steps, the regulator has already begun aligning with these expectations

Global Regions Align with the US to Push for Clearer Crypto Trading Rules

The push for clarity in crypto is not confined to Washington. Around the world, regulators are moving in the same direction, signaling that the race to modernize oversight is now global.

In the Middle East, the United Arab Emirates (UAE) has taken a major step. Earlier this month, its Securities and Commodities Authority signed an agreement with Dubai’s Virtual Assets Regulatory Authority.

This move aims to unify the country’s virtual asset sector, simplify licensing, and bring consistent oversight across all emirates.

Latin America has also taken center stage. On July 30, the Central Bank of Bolivia reached a landmark deal with El Salvador’s National Commission of Digital Assets.

The agreement acknowledges crypto as a viable alternative to fiat currency. More than a symbolic gesture, it opens the door to shared policies, joint technology projects, and the modernization of regional financial systems.

Asia is equally active. The Bank of Korea has formed a new virtual asset team under its Financial Payments Bureau.

The unit is tasked with designing a broad regulatory framework for crypto and stablecoins. Licensing rules, trading platforms. wallets, custodians, tokenized assets, and decentralized finance tools will be under its cover.

The CFTC’s crypto sprint, alongside efforts in places like the UAE, Bolivia, El Salvador, and South Korea, highlights how regulatory clarity is essential for innovation to thrive.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.