On 1 August 2025, the United States Commodity Futures Trading Commission (US CFTC) announced the launch of a “crypto sprint” aimed at implementing the recommendations of the President’s Working Group on Digital Asset Markets.
The US CFTC’s Acting Chairman, Caroline D. Pham, confirmed the Commission’s swift action to fulfil former President Trump’s vision of making the United States the “crypto capital of the world.” Pham affirmed that the US CFTC would work in close collaboration with U.S. Securities and Exchange Commission (US SEC) Chairman Paul Atkins and Commissioner Hester Peirce to achieve “Project Crypto.” This initiative is part of a broader effort to provide much-needed regulatory clarity while simultaneously fostering innovation within the rapidly evolving digital asset markets.
Since the start of the year, the US CFTC has made notable strides, including holding the first-ever Crypto CEO Forum, retracting outdated staff advisories, and releasing new guidance designed to enhance regulatory clarity for digital asset innovators. The Commission has also engaged in dialogue on a digital asset markets pilot program and has observed industry tokenisation efforts. Furthermore, recent public consultations focused on two innovative developments in crypto markets like 24/7 trading and perpetual derivatives. Perpetual derivatives have been live on US CFTC-registered designated contract markets (DCMs) since April 2025, with 24/7 trading operational since May.
(Source: https://www.cftc.gov/PressRoom/PressReleases/9104-25)
