CFTC and SEC Don Launch Crypto Regulation Sprint to Refine Rules

CFTC an SEC don start one joint 'crypto sprint' to carry out White House crypto regulation recommendations. Acting CFTC Chair Caroline Pham go work with SEC leaders to run 18 proposals wey come from President’s Working Group on Digital Assets. Two plans dey focus on CFTC actions: to issue guidance to classify cryptocurrencies as commodities an to update rules for blockchain-based derivatives. Other measures talk about joint rule-making, regulatory sandbox, an clear jurisdiction for spot markets for non-security tokens. Pham’s team don meet industry stakeholders, don withdraw old guidance, an also dey seek feedback on 24/7 derivatives trading an perpetual contracts. Brian Quintenz dey wait Senate confirmation as CFTC Chair. The initiative aim to improve crypto regulation, promote DeFi innovation, an make U.S. strong as global crypto hub. Traders fit expect clear rules, better market stability, an new opportunities for digital asset trading.