The Commodity Futures Trading Commission will work with the Securities and Exchange Commission to implement White House crypto recommendations.

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CFTC and SEC Join Forces to Roll Out Trump’s Crypto Vision

#ShibaGold #CryptoNewsHub

The U.S. Commodity Futures Trading Commission (CFTC) is teaming up with the Securities and Exchange Commission (SEC) to start putting the Trump administration’s latest crypto policies into action.

On Friday, Acting CFTC Chair Caroline Pham announced that the agency is launching a “crypto sprint” — a fast-track effort to implement digital asset guidelines laid out by the White House. This initiative, called Project Crypto, will involve close collaboration with SEC Chair Paul Atkins and Commissioner Hester Peirce.

“The CFTC is wasting no time in fulfilling President Trump’s vision to make America the crypto capital of the world,” Pham said.

These efforts stem from a major executive order on crypto signed by former President Donald Trump in January. The resulting report from his Working Group on Digital Asset Markets laid out 18 specific recommendations, two of which are directly for the CFTC.

What the CFTC Has Been Asked to Do:

Clarify Crypto as Commodities: Provide guidance on when and how cryptocurrencies qualify as commodities. Support DeFi Regulation: Explain how decentralized finance (DeFi) platforms might fit into existing CFTC rules, including registration requirements. Adjust for Blockchain Derivatives: Consider revising rules to better handle derivatives that use blockchain tech.

The other 16 recommendations involve coordination with other agencies like the SEC and Treasury. This includes big-picture tasks like creating clear regulations, launching a regulatory sandbox, and exploring integrated crypto services within a single platform.

CFTC and SEC: A United Crypto Front

Both agencies were instructed to collaborate on rulemaking and use their current authority to bring clarity to the fast-evolving digital asset space. They’re also encouraged to test new models in a sandbox environment before going full-scale.

Congress, meanwhile, has been asked to give the CFTC clearer authority over non-security digital assets, especially in spot markets — an area where rules are still murky.

The CFTC Is Already Taking Action

Pham confirmed that the CFTC has already started working on several of these goals. The agency has met with crypto leaders, scrapped outdated internal guidelines, and completed consultations on 24/7 derivatives trading — a hot topic in the crypto world.

In another significant move, Trump has nominated Brian Quintenz, a key figure in Andreessen Horowitz’s crypto investment arm, to lead the CFTC. However, his Senate hearing was postponed at the White House’s request.