CFTC opens second phase of Crypto Sprint for public comment

The Commodity Futures Trading Commission (CFTC) launched the second phase of its “Crypto Sprint” on August 21, seeking public feedback on implementing the White House’s digital assets roadmap. Market participants have until October 20 to submit comments through the CFTC website.

The consultation focuses on regulating spot crypto activity and finalizing rules under the President’s Working Group report “Strengthening American Leadership in Digital Financial Technology.” The agency wants input on leveraged, margined, and financed retail trading on CFTC-registered exchanges.

Acting Chairman Caroline D. Pham said enabling federal-level digital asset trading ranks as “a top priority.” The CFTC coordinates its efforts with the Securities and Exchange Commission’s (SEC) “Project Crypto” as part of a broader federal initiative.

The commission opened its public comment portal for written submissions. The feedback will guide how the CFTC implements recommendations assigned to it in the White House report. The engagement starts immediately and aims to put the administration’s crypto policy agenda into practice.

The CFTC announced the initial Crypto Sprint in early August, which outlined how to list spot crypto asset contracts on CFTC-registered futures exchanges. The agency detailed plans for listed spot crypto trading on registered futures exchanges during that first phase.

The second phase emphasizes stakeholder input following the White House release of its detailed crypto policy framework. Pham invited stakeholders to participate in the rulemaking agenda, stating that public feedback will help the CFTC address issues around retail trading on CFTC-registered venues.

The consultation period runs through October 20, with all submissions accepted through the CFTC’s official comment portal. The commission said the feedback will directly inform its regulatory approach to digital assets under the federal framework.