CFTC Unveils "Crypto Sprint" to Tackle 18 Key Recommendations

* U.S. CFTC's "Project Crypto" to tackle 18 key measures for digital asset markets. * Initiative to focus on regulatory clarity, DeFi platform registration, and blockchain oversight. On August 4, 2025, Cointelegraph, Cryptopolitan, and AInvest reported on a new initiative from the U.S. Commodity Futures Trading Commission (CFTC). As part of President Trump’s Working Group on Digital Asset Markets, the CFTC introduced a “crypto sprint.” The initiative, dubbed “Project Crypto,” aims to cement U.S. leadership in cryptocurrency innovation and will address regulations for digital assets, decentralized finance (DeFi), and blockchain-based derivatives. CFTC Acting Chair Caroline Pham announced the launch, emphasizing collaboration with the Securities and Exchange Commission (SEC). The SEC, under Chair Paul Atkins and Commissioner Hester Peirce, will participate in inter-agency efforts to streamline the digital asset landscape. This push for regulatory clarity and innovation comes as the cryptocurrency industry experiences exponential growth. The President’s Working Group outlined 18 recommendations for the CFTC, giving the agency two primary responsibilities. One directive tasks the agency with defining cryptocurrencies as commodities and creating registration protocols for DeFi platforms, while the second focuses on updating CFTC frameworks for blockchain-based derivatives. The remaining proposals call for inter-agency cooperation, including contributions from the Treasury Department. These efforts aim to facilitate unified rulemaking and establish a regulatory sandbox that encourages technological advancement. Since January 2025, the CFTC has ramped up its efforts to bring clarity to the cryptocurrency sector. Earlier this year, the agency hosted a forum for crypto CEOs and rescinded outdated advisory opinions. It also concluded public consultations on issues like 24/7 trading and perpetual derivatives, which are now active within CFTC-registered markets. In tandem, Congress enacted the Genius Act on July 18, 2025. This act introduced a federal stablecoin framework that requires issuers to fully back their coins with secure assets and adhere to regular audits. As a result, this legislative move has contributed to a surge in global cryptocurrency market capitalization, which recently crossed $4 trillion. According to CoinMarketCap, Ethereum (ETH) is trading at $2,191 as of August 4 at 12:00 UTC. This price marks a 1.8% increase in 24-hour volume.