CFTC Crypto Sprint Phase 2: One Spot-Futures License

Regulators dey call for feedback for Crypto Sprint Phase 2, as CFTC public consultation open till October 20, 2025. Dis review go shape unified spot-and-futures license, refine how dem go classify assets, and set retail leverage limits. Phase 1 technical work on spot contracts help form initial plans. Acting Chair Caroline Pham talk say make dem align with CLARITY Act and work with SEC's Project Crypto. Industry groups like 221A Consulting dey support clear leverage caps, custody standards, and commodity versus security definitions. CFTC go use stakeholder input take draft guidance and possible rules for exchanges and custodians.